Europe: The risks
Here are the main risks that Europe faces in the next six months.
- France economy
- Greece
- Deutsche Bank
- Austria
- Brexit
We are cautious on EUR and on European equities.
EU is entering an unchartered territory.
Growth is not strong enough in the eurozone at the moment and it is unlikely to be a lot faster in the coming year. With consumption and consumer confidence and unemployment continuing to fall, however, the recovery does now have its own momentum.
Now the bad outcome is realised, we suspect the market will be consistently looking to sell EURUSD rallies.
TCResearch
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