“It’s a relief rally, devoid of any logic”, says Panmure Gordon’s Buik

Apr 24, 2017, 11:22 AM

Don’t get too excited by the spike in the stocks is the message that comes through after watching this segment.

Panmure Gordon Senior Market Commentator David Buik says, “this is a relief rally, devoid of any logic - it’s a great relief for an old pensioner, but I know it's not going to last”.

Buik also squashes argument that Macron would deliver sweeping reforms/changes and call is ludicrous. “France does not like change of any shape, size or description”, he adds.

Listen to the full segment to hear Buik’s take on Trump’s tax overhaul plans, and what one can expect from the ECB and the BOJ this week.

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