Pent Up European Demand Could Drive Euro Stocks Higher – ValueWalk Premium

Pent Up European Demand Could Drive Euro Stocks Higher

The US stock market has been advancing over the past month while US bond yields basis the ten-year note have been falling over the same period. Over a similar period of time, however, the German DAX has been leading European stocks lower, diverging from US stocks, at the same time the German ten-year bund has been dropping in yield consistent with the US. It is in this environment that Credit Suisse recommends downgrades in certain sectors and thinks pent up European domestic demand will

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