Europe’s Profit Recovery Still Intact Despite China, UBS Says
2015-08-24 07:25:30.208 GMT
By Blaise Robinson
(Bloomberg) -- UBS strategists see China as the biggest
risk, but so far impact contained to the commodity complex and
specific companies with high direct exposure.
* Europe’s corporate profit recovery is intact, driven by:
* Modest pick-up in the top line
* Biggest FX tailwind for nearly 20 years
* High operational leverage
* Base effect in the banks
* NOTE: Stoxx 600 earnings expected to grow by 6.2% in 2015,
11% in 2016, according to data compiled by Bloomberg
* On July 27: Europe’s Luxury, Miners in Spotlight as China
Growth Loses Steam
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To contact the reporter on this story:
Blaise Robinson in Paris at +33-1-5365-5008 or
brobinson58@bloomberg.net
To contact the editor responsible for this story:
Gaurav Panchal at +44-20-3525-0511 or
gpanchal2@bloomberg.net
2015-08-24 07:25:30.208 GMT
By Blaise Robinson
(Bloomberg) -- UBS strategists see China as the biggest
risk, but so far impact contained to the commodity complex and
specific companies with high direct exposure.
* Europe’s corporate profit recovery is intact, driven by:
* Modest pick-up in the top line
* Biggest FX tailwind for nearly 20 years
* High operational leverage
* Base effect in the banks
* NOTE: Stoxx 600 earnings expected to grow by 6.2% in 2015,
11% in 2016, according to data compiled by Bloomberg
* On July 27: Europe’s Luxury, Miners in Spotlight as China
Growth Loses Steam
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Blaise Robinson in Paris at +33-1-5365-5008 or
brobinson58@bloomberg.net
To contact the editor responsible for this story:
Gaurav Panchal at +44-20-3525-0511 or
gpanchal2@bloomberg.net