Den franske bank BNP Paribas betragter resultatet af EU-topmødet som en god aftale. Den vil ikke blot gavne de coronaramte lande. Den vil også styrke euroen over for dollaren, og den vil mindske rente-forskellene i EU. Den kan måske også styrke aktiekurserne på europæiske aktier i forhold til de amerikanske.

Uddrag fra BNP Paribas:

EU recovery fund: A good deal We think the deal reached by EU leaders on the recovery fund is a good one. The grants component is in line with our expectations and of a macroeconomically relevant size, while conditionality and governance do not appear too onerous. We think the outcome will, over time, support a trend of EURUSD appreciation and tighter credit spreads. It may also help eurozone equities begin to reverse YTD underperformance vs the US. We do not expect a large initial market reaction.

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