European equities OW surges to 20m high
BofA | Net 40% of investors expect European economy to strengthen over the next 12 months; rising from net 9% expecting it to weaken last month.
BofA | Net 40% of investors expect European economy to strengthen over the next 12 months; rising from net 9% expecting it to weaken last month.
UBS | Between 2010 and 2014 global investors showed tremendous generosity towards EM, helping it issue forever larger amounts, and easily roll over debt coming due. In 2015 sentiment began to sour, and the primary market is even less benign today.