From: LCHEKROUN@makor-cm.com At: Jan 7 2016 08:51:06
To: LAURENT CHEKROUN (MAKOR SECURITIES LO)
Subject: Fwd:>>> EuroStoxx- Quick Reminder on last year debuts - Lost 6% on first few days before Bouncing - see quick chart
Subject: Fwd:>>> EuroStoxx- Quick Reminder on last year debuts - Lost 6% on first few days before Bouncing - see quick chart
SHCOMP Last year lost 8% on the same period and didn’t really bounce back after
Traded in a narrow range for the first 2 months…
There are more proofs of better numbers in Europe…difficult to catch a falling knife but important to keep in mind that many measures have been taken in Europe to be less dependant of the chinese econony, all numbers on Factory orders in Europe have been good so we can think that this decorrelation is starting to work for some countries ( Germany & Italy)…ECB is still in a very accommodative mood…
Hard to find lower point but last year levels are not so bad indicators…