The 2020's will be the European decade says Guest Host Andrew on CNBC this morning When you have 27% unemployment in some areas you have a significant amount of workforce available so there is little effect on inflation. Structurally Europe is in good shape despite some very weak areas.
No-Brainer in Spain There’s still a lot of value in European markets because earnings haven’t begun to recover yet. Spain is a no-brainer because it’s doing the right thing on a macro level. It had over 60 banks going into the crisis, and it will be down to a dozen. Spain will have a much better banking sector now. Bankia SA was one of the problem banks, but the bad properties were taken out.
5 Dec '13
Fund Managers rec Banks (Bloomberg)
Across the Atlantic, as the euro zone finally shakes off a recession, opportunities abound in Spanish banking and media industries after the post-crisis consolidation, says Dean Tenerelli, a fund manager at T. Rowe Price Group Inc. You’ll have to hunt through the wreckage in emerging markets, after local-currency debt plunged in 2013, to find sovereign-debt deals: Look for countries with strong balance sheets, such as Mexico. Our distinguished panel below also reveals why gold may be poised for a comeback and why small companies might see big gains in Asia.
5 Dec '13
Thanks for the message. I hold 5102 shares and will buy more over the next 2 months. We could see over £6 for this share by October next year. Poland, UK, Mexico and the rest of Latam will power through to deliver share price growth. Spain will not get any growth (worth speaking of) but lower loss provisions and lower costs for the business which will help. A CNBC article mentioned that it takes 6-9 months for the higher GDP data to filter through to banks results. We are on a time delay.
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