Eurozone Equities PE Should Tank As Margins Rise: Barclays

European non-financials have had mixed fourth quarter results so far, but strong PMI and low wages suggest that sales and margin growth could be considerably stronger than consensus, and Barclay’s analyst Ian Scott tells investors to “keep faith in the fundamentals.”

“Incoming economic data strongly endorse our (and other economists’) recovery projections, yet the consensus for top-line revenues and bottom-line earnings is inconsistent with this outlook,” Scott writes.
PMI indicates strong GDP growth
The purchasing manager’s index (PMI) is a strong leading indicator for GDP growth, and it has moved up sharply in the last . . .


This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

If you are subscribed and having an account error please clear cache and then cookies if that does not work email and we will get back to you as quick as humanly possible

Saved Articles

Are you a smart investor? Join tens of thousands of sophisticated investor reading our authoritative free newsletter

* indicates required

Congrats! Are you a smart person?

We have an exclusive targeted for being a sophisticated and loyal reader.

Sign up today and get three months free

Use coupon code vip19 or click on the button below

Limited time offer only ENDS 10/31/2019 or after next 25 20 subscribers take advantage whichever comes first – please do not share this discount with others