Europe: Portfolio Strategy - Strategy Matters - Why earnings are likely to surprise to the upside in 2010
July 23, 2009
We remain positive on the market and revise up our DJ Stoxx net income (pre-exceptionals) forecasts to a 19% fall in 2009, and a 34% rise in 2010 (-24% and 28% ex Financials, respectively). Better Financial earnings, enhanced operational leverage and stronger EM growth are key factors.
>> Europe: Portfolio Strategy - Strategy Matters - Why earnings are likely to surprise to the upside in 2010 July 23, 2009 [PDF, 227 KB]
>> Europe: Portfolio Strategy - Strategy Matters - Why earnings are likely to surprise to the upside in 2010 July 23, 2009 [PDF, 227 KB]