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- New jobs and sales in the euro area – a major driver for European index growth
New jobs and sales in the euro area - a major driver for European index growth
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Loading...Eurozone companies struggling to cope with rising orders show strong growth in ten years. With the increase in the orders index, which shows a very strong start of the fourth quarter, the euro area economy is on the way to a 0.7% growth.
While Mario Draghi calls for prudence in curbing monetary incentives, because inflation remains low, he also does not exclude surprises from the growth of the economy. Economic confidence in the eurozone jumped to its highest value in 2017, despite the political uncertainty surrounding the referendum in Catalonia.
Company growth remains directly dependent on domestic demand, which remains firm in expansion.
On the other hand, the new jobs in the block have risen at the highest pace since 2007. here.
For these reasons, market participants believe that the stock market in Europe is not redeemed, and vice versa, given the good data, we can expect a good fourth quarter. We remain biased about European stocks, with any index adjustment we would use to add to long positions.
Source: Bloomberg Pro Terminal
Jr Trader Petar Milanov
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