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Why an EU slowdown poses a bigger risk to stock market than China trade
As investors have kept a laser focus on U.S.-China trade negotiations and hope that a resolution can give the global economy a much-needed shot in the arm, at least one strategist says markets may be overlooking a bigger risk: European economic contraction. “For U.S. large cap companies, a recession in the EU is a bigger risk” than an unsuccessful resolution to the U.S.-China trade dispute, Joe Quinlan, head of CIO market strategy for Merrill and Bank of America Private Bank told MarketWatch. “Europe remains, by far, the most important market for U.S. multinational companies, with the region accounting for 55% of global foreign affiliate income,” Quinlan wrote in a Tuesday research report.
https://finance.yahoo.com/m/ab7faba...b4e/why-an-eu-slowdown-poses-a.html?.tsrc=rss
As investors have kept a laser focus on U.S.-China trade negotiations and hope that a resolution can give the global economy a much-needed shot in the arm, at least one strategist says markets may be overlooking a bigger risk: European economic contraction. “For U.S. large cap companies, a recession in the EU is a bigger risk” than an unsuccessful resolution to the U.S.-China trade dispute, Joe Quinlan, head of CIO market strategy for Merrill and Bank of America Private Bank told MarketWatch. “Europe remains, by far, the most important market for U.S. multinational companies, with the region accounting for 55% of global foreign affiliate income,” Quinlan wrote in a Tuesday research report.
https://finance.yahoo.com/m/ab7faba...b4e/why-an-eu-slowdown-poses-a.html?.tsrc=rss
