Several signals from China this week suggest that European companies with close ties to the world's second-largest economy may face difficulties in the coming months.
"BMW has the highest China exposure among European OEMs [original equipment manufacturers] — we prefer a higher US exposure (which Mercedes has).
Methodology: Revenue data by geography was available only for 422 out of the 600 companies on the Stoxx Europe 600 index.
FactSet data relies primarily on geographical sales data disclosures from companies directly.
When this is not available, FactSet applies a proprietary algorithm to estimate the percentage revenue exposure.
Persons:
Mercedes, Daniel Schwarz
Organizations:
JPMorgan, Eurostat, CNBC, Mining, Rio Tinto, UBS, RBC, Porsche, BMW, Volvo
Locations:
China, China's, Wall Street, Europe, Mining London, American, Swiss