The Point for Europe

This report provides a weekly update on European markets, highlighting equity strategies, corporate actions, and economic indicators. It maintains a constructive view on global equities despite rising market exuberance.

Key Takeaways

• 1.Global equities remain near all-time highs with rising exuberance, but the Bear Market Checklist has not yet signaled an end to the cycle.
• 2.European chemical stocks face mixed outlooks; Wacker Chemie downgraded to Sell, while Akzo Nobel resumed coverage with a Buy.
• 3.Eurozone upstream price pressures are building, with PPI inflation accelerating and second-round inflation effects becoming a risk.

Table of Contents

• Top Call
• Company
• Must Read
• Industry
• Strategy & Economics
• Commodities
• Fixed Income & FX