European Equities

“European stocks are poised for a third year of gains, restoring almost all the losses suffered during the financial crisis, as economic growth overcomes record pessimism on earnings. Equities will rise 12 percent in 2014, according to the average projection of 18 forecasters tracked by Bloomberg News.The average estimate is the most bullish since at least 2010, with no strategist predicting a gain of less than 3.3 percent, and comes even as company analysts reduced income forecasts for an 85th straight week, a record streak, according to Citigroup Inc. data on Bloomberg.”

“More than 40 percent of fund managers surveyed this month by Bank of America Corp.’s Merrill Lynch said they are overweight euro-area equities, or own a greater proportion than are specified in global indexes, the highest for any of five regions.” (Bloomberg)

Strong buying of European Equities from US Investors.

European Equities

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