I got into a conversation where we started to talk about the situation of the EU. Since 2008 a lot has happened and the participants (of this conversation) shared the same conclusion: the EU might not be out of the woods yet but if you are halfway through the forest then you are practically going out of it. We are getting improving macro data (better PMIs, recovering real estate sector and better Spanish labor data) and there is a significant discount in pricing which indicates a slower growth so a higher pace (compared to the rest of the developed countries and the consensus) would cause a positive shock.

real estate


Yesterday`s market movements looked like a pioneer of a notable dip but the main indices couldn`t generate more than two negative days in a row which proves some sort of strength for now.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s