PARIS, April 4 Asian investors are waiting for
the result of the French presidential election in May before
increasing their exposure to European equities, Credit Suisse
strategists said in a research note on Tuesday.
"While investors seem to have become increasingly
comfortable with the European story, many are waiting for the
French elections before increasing their exposure to Europe,"
the Credit Suisse team said in a note published after the Swiss
bank held an Asia investment conference in Hong Kong.
French stock and bond prices have rallied over the last
month on growing signs that centrist candidate Emmanuel Macron
will win the election, although some investors remain concerned
by the relative popularity of anti-euro, far-right National
Front leader Marine Le Pen.
France's benchmark CAC-40 equity index is up by
around 5 percent so far in 2017, broadly in line with a similar
gain on the pan-European STOXX 600 index.
(Reporting by Sudip Kar-Gupta; Editing by Mathieu Rosemain)