UBS's Weber Says `Relief Rally' Won't Last After Dutch Vote
- ING CEO says Dutch election result a ‘good sign’ for Europe
- BNP chairman says euro symbolizes French-German friendship
Axel Weber, chairman at UBS, talks about the political risk facing Europe after the Dutch elections. He speaks on 'Bloomberg Markets.' (Source: Bloomberg)
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UBS Group AG Chairman Axel Weber said the rally that swept European trading floors after elections in the Netherlands won’t endure in a region plagued by political risk this year.
“What we’ve seen in the Dutch election is that the center has been holding,” Weber said. “That leads to a short relief rally in the market. It’s not going to last” because the French election is approaching, he said in an interview with Bloomberg Television on Thursday.