Wednesday, April 18, 2007

Europe looks east,unfazed by U.S. slowdown-Merrill

(Reuters) - The shift to these fast-growing economies is supporting the profit outlook for European companies and investors' love affair with euro zone equities continues, while U.S. equities are not favoured, Merrill Lynch's monthly survey of investors showed on Wednesday.

"Today, the U.S. buys just 14 percent of euro zone exports -- compared with emerging Asia, China and emerging Europe at more than 30 percent," said Karen Olney, head of European equity strategy at Merrill Lynch.


Read more at Reuters.com Bonds News

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