Underweight Europe Equities
By Yaser Anwar, CSC of Equity Investment Ideas
Analysts at JP Morgan reiterate their "underweight" stance on European equities.
In a research note published this morning, the analysts mention that Jean-Claude Trichet’s comments last week indicated that the ECB is in no hurry to speed up policy normalization. On the other hand, the US Fed is likely to raise interest rates at its June, August and December meetings, taking the rate to 5.75% by the end of the year, the analysts say. The environment for European equities is likely to remain challenging in view of the weak US growth data and high inflation, according to JP Morgan.
http://www.equityinvestmentideas.blogspot.com/
Analysts at JP Morgan reiterate their "underweight" stance on European equities.
In a research note published this morning, the analysts mention that Jean-Claude Trichet’s comments last week indicated that the ECB is in no hurry to speed up policy normalization. On the other hand, the US Fed is likely to raise interest rates at its June, August and December meetings, taking the rate to 5.75% by the end of the year, the analysts say. The environment for European equities is likely to remain challenging in view of the weak US growth data and high inflation, according to JP Morgan.
http://www.equityinvestmentideas.blogspot.com/
posted by douglas mcintyre at 5:34 PM
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