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UBS survey: Brexit and Trump bigger risks for European companies than elections

According to a survey conducted by the Swiss investment bank UBS, the upcoming elections in the European region are not the biggest of risks for the companies operating in the region. UBS surveyed 600 companies and 28 percent of them cited Brexit as the biggest risk and they feel that the event would have negative impacts on their businesses. 75 percent of the respondents said that they have business investments in the United Kingdom and more than half of them said that they would respond quickly to the changes in business investment due to Brexit negotiations. However, 54 percent of the firms have said that they do not plan to make any changes in their investments after Brexit and only 32 percent of them said that might reduce their investments. Theresa May’s government have said that they are prepared to accept a no deal if the conditions set out by their European partners are not acceptable.

27 percent of the companies cited the uncertainties with regard to policies of the Trump administration as the biggest risk. 18 percent of the survey respondents cited the minority government in Spain as the biggest risk and 17 percent cited political climate.

While investors are deeply concerned with the upcoming French election, where Front National leader Marine Le Pen has vowed an exit from the European Union, only 14 percent of the 600 companies considered it as the biggest risk to their operations. German election uncertainty was cited by 14 percent. Dutch election was a concern for 6 percent of respondents.

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2017-10-17 15:31:17
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2017-10-17 15:30:41
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October 17 14:00 UTC Released

USNAHB Housing Market Indx*

Actual

68 %

Forecast

64 %

Previous

64 %

October 17 13:15 UTC Released

USManuf Output MM

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0.1 %

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0.1 %

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-0.3 %

October 17 20:00 UTC 184184m

USNet L-T Flows,Exswaps

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1.3 Bln USD

October 17 20:00 UTC 184184m

USOverall Net Capital Flows

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-7.3 Bln USD

October 17 20:00 UTC 184184m

USNet L-T Flows,Incl.Swaps

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-43.1 Bln USD

October 17 20:00 UTC 184184m

USForeign Buying, T-Bonds

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-0.5 Bln USD

October 17 21:00 UTC 244244m

KRExport Price Growth YY*

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Forecast

Previous

10.7 %

October 17 21:00 UTC 244244m

KRImport Price Growth YY*

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9.0 %

October 17 23:00 UTC 364364m

KRUnemployment Rate*

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3.8 %

October 18 03:00 UTC 604604m

KRL-Money Supply Growth

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Previous

6.7 %

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