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Search resuls for: "Euroland"


2 mentions found


Barclays (BARC.L), a big UK lender, fell as much as 8% after signalling major cost cuts because of weakness on its home turf. Mark Denham, head of European equities at Carmignac, said high quality companies with high valuations tend to be very vulnerable if they miss earnings. According to Kasper Elmgreen, CIO at Nordea Asset Management, the fact that the economy is now starting to slow is one factor behind investors' harsh treatment of earnings disappointments. Amid the volatility, some investors see a buying opportunity in overly punished stocks. It is an example of a highly valued stock being extra punished for the environment," Denham said.
Persons: Morgan Stanley, Angelo Meda, Mark Denham, Denham, Kasper Elmgreen, Elmgreen, Fabio Di Giansante, Carmignac's Denham, Danilo Masoni, Alun John, Joice Alves, Amanda Cooper, Hugh Lawson Organizations: Sanofi, Barclays, Banor SIM, Siemens Energy, Volkswagen, Volvo, Asset Management, Euroland Equity, pharma, Thomson Locations: Milan, Swiss, London
BERLIN, June 5 (Reuters) - Investors got more gloomy on prospects for the euro zone economy in June, dragged down by negative expectations for Germany, Europe's biggest economy, a survey showed on Monday. "A look at the Sentix data of the largest economy then clearly shows that the cause of the misery in Euroland is probably linked to the weakness of the German economy," it said. "The biggest problem child in the Eurozone remains Germany." The Sentix index for Germany in June fell to the lowest since November last year, at minus 21.1, from minus 14.5 the previous month. "No matter how hard the (German) Federal Minister of Economics tries, the story he is writing is not a positive summer fairytale," the survey said.
Persons: Sentix, Riham Alkousaa, David Holmes Organizations: Analysts, Reuters, Germany, Federal, of Economics, Thomson Locations: BERLIN, Germany, Europe's, Euroland
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