Why BofA remains negative on European equities
Investing.com -- European equities could fall more than 5% by early in the fourth quarter as elevated earnings expectations and low risk premiums leave markets vulnerable to disappointment, Bank of America strategists said. Recent economic data have been supportive, with global macro surprises reaching a three-year high and European growth improving as inflation eases.
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Investing.com -- European equities could fall more than 5% by early in the fourth quarter as elevated earnings expectations and low risk premiums leave markets vulnerable to disappointment, Bank of America strategists said. Recent economic data have been supportive, with global macro surprises reaching a three-year high and European growth improving as inflation eases. Much of that favorable outlook is already reflected in share prices. Consensus profit-margin expectations for European companies are at record highs, while equity risk premiums are near their lowest levels in two decades.
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- Investing.com -- European equities could fall more than 5% by early in the fourth quarter as elevated earnings expectations and low risk premiums leave markets vulnerable to disappointment, Bank of America strategists said. Recent economic data have been supportive, with global macro surprises reaching a three-year high and European growth improving as inflation eases.
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Why BofA remains negative on European equities
Sources1TypeCoverageInvesting.com · Stock Market