Latest news with #politicalrisk
Bloomberg
20-05-2025
- Business
- Bloomberg
Teneo's Kajiwara on C-Suite Sentiment Amid Tariff Tensions
Bloomberg Markets: The Close Kevin Kajiwara, Teneo co-president of political risk advisory, discusses the state of CEO sentiment amid recent tariff tensions on "Bloomberg The Close." (Source: Bloomberg)
Reuters
19-05-2025
- Business
- Reuters
Romania election win for Dan reduces political risk ahead, says JPMorgan
LONDON, May 19 (Reuters) - JPMorgan said on Monday that an election win by Romania's centrist Bucharest mayor Nicusor Dan is reducing political risk ahead and that a sovereign ratings downgrade to below investment grade was now less of a concern. The Wall Street bank adjusted its forecasts following Sunday's runoff election, saying it now expected a "moderate devaluation" for the country's currency. It predicts the leu at 5.10 versus the euro by the end of the second quarter and at 5.25 by year-end, according to a note. JPMorgan also moved its exposure on Romania's international bonds to "marketweight" from "underweight" and to "overweight" from "marketweight" on local government bonds. "The process to form a majority remains tricky," Nicolaie Alexandru-Chidesciuc at JPMorgan said. "In a best-case scenario, a government might be in place by mid-June and a fiscal package might be, in a best-case scenario, approved by end-June." Dan won the country's presidential election in a shock upset over a hard-right, nationalist rival who had pledged to put Romania on a path inspired by U.S. President Donald Trump's politics.
