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What Q1 earnings means for European equities and Banks


European earnings continue to provide fundamental support for the bull market in European equities. Valuations are still reasonable, albeit not as cheap as last quarter, implying that earnings need to beat forecasts by a greater margin to drive equities higher. European bank earnings have been particularly positive, suggesting outperformance could continue, on a tactical basis.

Ned Davis Research | Equities | Europe Focus | Monthly

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