“We are now seeing a clear improvement in the European economy, and that should pave the way for stocks. Growth should have a nice effect on earnings this year.”
“Stocks are very sensitive to the risk of interest rates rising further. Higher borrowing costs can affect the ability of companies to expand and for consumers to spend.”
“The earnings evolution is definitely slowing in Europe. Combined with rising interest rates and an excellent performance over the last few months, we can expect the market to take a pause.”