EU economy lack catalyst for further gains

21.02.2018 / 16:03

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After the rout, it seems projections for European stocks are topping out. On the one hand, strategists do still project further gains despite the global selloff. On the other, few, if any, additional drivers for European stocks have emerged so far in 2018.

DAX forecasts are also unchanged from last month. Paul Dobson points out,investors seem to need new reasons to dive back into European stocks. The euro-area economy is set to expand at the fastest quarterly pace in eight years but today's PMI data suggests that some slowdown may be inevitable. Estimates for year-end levels seem unlikely to rise in the absence of fresh catalysts.

Source: Bloomberg Pro Terminal

Trader Bozhidar Arabadzhiev

Varchev Traders

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EU economy lack catalyst for further gains

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