European Markets Have a Good Fundamental Backdrop, Says Hewin

The transcript discusses the European market outlook, highlighting potential earnings misses and macroeconomic headwinds. It contrasts this with a positive fundamental backdrop, noting strong growth, sentiment, and supportive fiscal policies. Political risks, such as the Italian elections, are mentioned but not seen as major concerns. The impact of a stronger euro on earnings is debated, with the consensus being that current levels are not yet problematic for competitiveness.

What is considered a key factor for making money in Europe according to the first section?

• Decelerating growth

• A positive earnings surprise

• Higher bond yields

• A strong euro

Which of the following is NOT mentioned as a supportive factor for Europe's fundamentals?

• Strong growth

• Easy monetary policy

• Rising taxes

• Supportive fiscal policy

What political event is highlighted as a concern in the second section?

• Brexit negotiations

• French presidential elections

• Italian elections

• German federal elections

At what euro level does the European Central Bank start to worry?

• Above 150

• Above 120

• Above 130

• Above 140

How do businesses perceive the current level of the euro according to the third section?

• They are not worried

• They are very concerned

• They are indifferent

• They are somewhat concerned