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Macroeconomics is driving equities, not earnings
http://www.tradingfloor.com - After a poor May, the equity markets should see a moderate bounce back, ending in range-trading for most of the summer according to Chief Equity Strategist Christian Blaabjerg of Saxo Bank. The strong Q1 earnings in April should be repeated in Q2, but earnings expectations are no longer in the driving seat. The nervousness around European sovereign debt has been responsible for the retracement in the equity markets, and much will depend on how European governments tackle the structural problems.
06:34 minutes
Tags: equities, exchanges, macroeconomics, markets, reutersforex, shares, stocks, strategy, trading
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