Saxo Group Videos

Trades to consider now the European consumer is 'coming back'

Retailers are among Mads Koefoed's top sector picks after PMI data across the Eurozone showed activity was slowing but hiring was picking up. Saxo Bank's Head of Macro Strategy says the figures tell him the European consumer is 'coming back' and he points to H&M, Inditex and Boeing as companies that could continue to benefit.

The Purchasing Managers' Index fell to 53.4 in May which was down a little from the previous month, but it still indicates expansion. Job creation is at its highest rate for four years. Mads also gives his opinions on an interesting week in Europe after comments by an ECB Board Member earlier in the week sent the euro sharply lower.

02:12 minutes
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