Trader watch: European Banks
As mentioned yesterday Banks are likely get more focus post the subtle change in rhetoric from the EU away from austerity towards growth. Our preferences have been for the national champs, like UBS and...
View ArticleFrom a global perspective, Europe is fast becoming investable
It has been often observed that whenever the US economy is doing well, investors should buy something other than the S&P, such as Europe. As Hartnett reminds us today, Europe tends to outperform...
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OECD forward indicators point to improving Europe
Further to our commentary as to an improving context for European growth, we note the OECD released its country specific composite leading indicators (CLIs) last monday. We are yet to see much...
View ArticleEurope remains our favoured Global exposure
Europe remains our favoured Global exposure because it is cheap, under-owned and where the fastest rate of change in terms of Economic growth seems to be happening. For this reason we suggest you look...
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Improvement in Europe few seem to believe
In what is perhaps the clearest signal yet of the market’s ignorance towards change in Europe, watch this interview between CNBC’s Maria Bartiromo and the co-CEO of SAP: Listen from 2:20 onwards… In it...
View ArticleBond Like Equities
Whereas the logic for this ‘great rotation’ holds merit in the US, and perhaps the UK, Europe by contrast is a very different beast. Solvency regulations of European Insurance companies forces them to...
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Templeton Screen
The names In alphabetical order: ACS, Aviva, AXA, BAE Systems, BHP Billiton, BNP, BP, Continental, Delta Lloyd, Deutsche Bank, ING, Lanxess, Lufthansa, Michelin, Munich Re, Rio Tinto, Swiss Life,...
View ArticleInvestment Banks: positive news from regulation
The Basel committee has shown some pragmatism and set the target leverage ratio at 3%, there were fears this would be higher. This is positive news for European banks (much more levered than their US...
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