Heard the one about the Englishman, the Germans and the bourse?

Article Abstract:

The London Stock Exchange plans an alliance with the Deutsche Borse, which will include a common access package. Member firms from each exchange will be able to trade Dax and FTSE 100 stocks in euros from Jan 1998. The agreement excludes a common settlement system and common accounting rules. Meanwhile, corporate profit growth in the US and United Kingdom looks likely to be poor for the year from Jul 1998. This is seen as compatible with stock prices if bond yields stay low because inflation is low, but there is no guarantee that inflation will continue to be low.

Joint ventures, London Stock Exchange PLC, Deutsche Borse AG

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Israel: war and peace

Article Abstract:

The Tel Aviv Stock Exchange has seen a rise in share prices, and this could be linked to a view that interest rates have reached their peak, following a rise to 14.8%. The stock market is likely to be affected if Benjamin Netanyahu wins the 1996 elections and leads the government. International investors are likely to be concerned at such an outcome, but Netanyahu is still likely to seek peace, and a drop in share prices should he win could be an opportunity for investors to buy shares.

Israel

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Spain: still time to buy

Article Abstract:

Spanish financial markets have performed well in 1995 and should continue to perform well in 1st qtr 1996, forecasts Merrill Lynch. Interest rates are falling, as is inflation, and the bond market has benefited from a drop in German rates of interest. The Partido Popular could win a general election in Mar 1996. A rise in share prices is likely prior to the election, with subsequent profit taking. It is too early to assess the impact of the election on financial markets.

Spain, Financial markets

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