As Europe’s near-term political uncertainties fade, the region’s stocks are likely to continue to outperform, Goldman Sachs strategists led by Peter Oppenheimer write in note.
*Europe is more geared to global growth as higher percentages of its companies’ revenues are from outside the region.
*Europe-based and global equity funds have yet to boost purchases of European stocks
*Much bad news is priced in and there’s room for weightings in European equities to rise
*Europe has good chance of extending outperformance if U.S. stocks move sideways as expected by
Goldman
*A sharp correction in U.S. stocks would cause European stocks to suffer as well
* NOTE: Stoxx Europe 600 Index +1.8% in past month while S&P 500 Index +1.3%
Source Bloomberg
Read more:
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.