Ian Scott
Ian Scott
stayed surprised
I was surprised it stayed right there so I could go get it.
earnings imports moderation oil prices renewed strong supported
Oil prices should be supported by renewed imports into China. The banks, however, should see some moderation in their very strong earnings momentum.
compared estimates europe months numbers past percent revised risen six united
In Europe, (earnings) numbers are still being revised up, ... Estimates have risen by 11 percent in the past six months in Europe compared with 6 percent in the United States.
imports low oil prices remain renewed supported
Oil prices should be supported by renewed imports into China, while multiples remain low in the sector.
consumer cyclical oil products quite rotation seeing stocks
We're still seeing some rotation into more cyclical stocks ... such as consumer products makers, and industrials, ... We quite like oil stocks as well.
accept believe case currency europe european helpful interest local means overweight rates strong unlikely
We would accept that the case for overweighting continental Europe is by no means as strong in local currency terms, as we believe interest rates are unlikely to be as helpful for a continental European overweight as they have been in the past.