We see US data turning up in the coming weeks and hope the holiday period will lead to an easing in EU sovereign tensions. That will support our tactical defensive views. In Europe, however, cash flow is positive and the uncertainties around the Eurogroup meeting and the EBA stress tests suggest prudence on sovereign risk.
Showing posts with label FI. Show all posts
Showing posts with label FI. Show all posts
Thursday, July 7, 2011
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