UK Assets Are Back in Favor After Labour Victory, Investors Say [Financial Post (Toronto, Ontario, Canada)]
Mizuho Financial Group, Inc. Sponosred ADR (Japan) (MFG)
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — UK assets are back in favor after Keir Starmer's Labour party swept to a landslide election win, fueling hopes for a period of political calm and a steady approach to the nation's finances. The pound was poised for its longest winning streak in four years, while gilts rose across the curve, outperforming their German and US peers. The FTSE 100 stock index climbed for a third day and the more domestically-exposed FTSE 250 jumped almost 2%, a reflection of improving sentiment toward the country's equity market. Article content With the Labour victory largely priced in, the focus now turns to Starmer's fiscal strategy and whether he can deliver on plans to spur the nation's economic growth. Investors are particularly optimistic on the outlook for UK homebuilders, given Starmer's plans to boost construction, though oil stocks could face pressure from
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MFG
Sec Filings
- 10/4/24 - Form F-N
- 10/4/24 - Form F-3ASR
- 8/14/24 - Form 6-K
- MFG's page on the SEC website