France votes for Europe – Werthstein index continues to rise
In the end, the moderate forces in France triumphed over the populists. While 2016 was the year of political surprises with the vote of the British people to leave the European Union and the election of Donald Trump as US president, 2017 for the stock markets is running according to plan.
In this super-election-year in Europe, better economic data are also helping stock markets on this side of the Atlantic to outperform Wall Street. Moreover, after 100 days of Donald Trump’s presidency, US stock markets are taking a rather sober view, with a sideways trend in recent weeks.
In the new Index Update for May, you will find the latest Werthstein Institute’s votes. The Werthstein Index is a lively representation of the Werthstein Institute’s market opinion. It expresses the individual voting members’ expectations for the development of global stock markets over a time horizon of up to three months, as the average of their votes on a scale from 1 (extremely negative) to 10 (extremely positive).