Sam Morse, manager of the Fidelity European Values trust, examines the tailwinds for his favourite banking stocks.
Simon Cordery, head of investor relations and business development, investment trusts at F&C Investments, explores the extent to which market sentiment can affect trusts.
Fund managers have backed Italian banks to continue driving European equities higher this year, aided by a more supportive macro backdrop and beneficial domestic reforms.
Rob Burnett's decision to retain a contrarian position to peripheral banks in his Neptune European Opportunities fund has dragged on performance in recent years.
Can Renzi save Italy?
Following six consecutive months of contraction, the eurozone successfully returned to growth in Q2 this year, with GDP increasing at a better-than-expected rate of +0.3% quarter-on-quarter (QoQ).
Investors fled Italian equities on Monday morning as political tensions resurfaced in Italy, while fears of a potential US government shutdown also impacted markets across Europe.
Shares in the Royal Bank of Scotland dropped as much as 6% after the bank reported its half year results and announced its new CEO.
Ignis Asset Management’s Stuart Thomson has identified five countries across Europe which could be the epicentre for the next leg of the region's financial crisis.
It is “inevitable” Italy will need an EU bailout in the next six months, according to analysts at the country’s second largest bank.
The FTSE 100 continued to recover today as banks lifted the index higher on signs that some of the instability in Europe is coming to an end.
The worst of the eurozone debt crisis is over, according to Alliance Trust Investments’ Fiona MacRae, as capital flows in the region start to reverse.