Friday Morning Coffee Nr. 45: European equities - not as bad as their reputation

210219 Friday Morning Coffee

Friday Morning Coffee Nr. 45: European equities - not as bad as their reputation

We recently came across a statement from a major US broker arguing that the recovery in global equities since the trough after the financial crisis was driven to a large extend by the strong recovery in the earnings of the underlying companies. There would only be one noticeable exception to that trend and that would be Europe.