Daily Note- No Spark

e732154a5df097babde8d58f5c8c5fffSummary:

  • Analysts expecting flat returns from Euro equities
  • Mixed earnings
  • European bond yields at historically low levels

 

Good Morning,

For the first time in two years, analysts trying to fathom the direction of Europe’s equities just left their forecasts unchanged for two straight months, and are on average expecting flat returns for shares. From Germany to Spain, economies are growing — but no data point has proven strong enough to stem the longest stretch of outflows from European stock funds since the financial crisis.

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GlobalMacro360 Daliy Note 27th May 2016

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