In the last analysis from our macro team for the semester, the analysts makes a case for European equities. The case builds on the recent outperformance of the asset class versus its American counterpart, and digs into the ECB’s monetary policy and the upcoming political calendar.

Case Summary:

  • Major European indices have outperformed the S&P 500 the past 6 months
  • PMI’s, consumer confidence, inflation and unemployment data makes for bullish case
  • ECB forward guidance will be crucial for near-medium term outlook
  • Busy political calendar could upset markets.

To read the full report, click on the image below: