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European equities benefit from several tailwinds, including lower oil prices, favourable exchange rates and the ECB’s QE policy. But in the end, it’s the fundamentals that count, explains Koen Bosquet, CFA, co-manager of the core European equity strategies, Petercam
Earnings growth expectations
The first reason for our bullish stance can be found in earnings growth expectations. With over half of STOXX Europe 600 companies having reported results for the fourth quarter, 60 percent have beaten or met revenue expectations, Thomson Reuters Starmine data shows.
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Forty five percent of companies beat expectations, and 27 percent have missed, resulting in a net beat of 18 percent - the biggest...
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