Europe is fast becoming investable. Consider your exposure
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...
View ArticleEuro Improvements: US exposed names
GEA Group yesterday became the 17th company (joining the likes of Manpower, Cisco and Mittal) to note improvements in Europe. While orders still fell -2%, Western Europe was STRONG with orders +5% YoY...
View ArticleImproving Europe: make that 21
We now count 21 corporates talking about an improvement in European trading. The latest is Marks and Spencer which follow WD40s (lubricants) and GE, yesterday. While it is too early to talk of...
View ArticleChange in Europe: press reports starting to highlight. Have investors noticed...
Over the last 72 hours several headlines picking up on the theme we’ve noticed from the comments of companies themselves: an improving economic picture in Europe. The most prominent of the stories, at...
View ArticleEurope: source of growth
Pirelli is the latest company to make note of a recovering, least stabilizing, Europe. Pirelli CEO, Marco Tronchetti Provera, spoke bullishly this morning stating that volumes have started to recover...
View ArticleImproving Europe…
Good Markit PMI data today as the rate of expansion hits a 32-month high. Couple that with reports that Paulson is eyeing Spanish real estate and PIMCO considering investments in bank assets, neither...
View ArticleEuropean domestic recovery (cont)
As discussed, the service PMIs are a better indicator of domestic conditions than the Manufacturing PMIs which tend to tell you more about export markets and/or FX. Europe’s Service PMIs are making new...
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