Deutsche Bank downgrades Israel as political uncertainties intensify

[lovuian]

http://www.haaretz.com/hasen/spages/677022.html

UBS today repeated a Neutral position on Israeli stocks, in a general review of markets the world wide. Deutsche Bank went a step further, counseling investors to underweight Israeli stocks in their international portfolios.



Other emerging markets are likely to achieve higher returns than Israel's, Deutsche Bank says. It blamed the downgrade on the intensifying political uncertainties.



Unsurprisingly, the returns Israel's stock market has achieved from the start of 2006 were weak, UBS adds.



Investors are distracted by the political element, both investment banks wrote.

more...
Merkel just visited two days ago and she mustn't have liked what she heard...