Profit growth in Europe between 7-9% for 2019

Santander AM | Stock markets maintain strong profits this year. The strength of the profit taking as a result of the new tariff increases to China should not hide their good behavior along the year.

By the end of last week, European stock markets exceed on average + 10% while the American market was close to + 15%. Specifically in Europe, valuations continue to be attractive in absolute as well as in relative terms and the consensus believes that profit growth will be between + 7% and + 9% for the year.