Warms the ****les of your heart doesn't it ?9 Jun 2020 17:28
Analysts at JP Morgan reiterated their preference for shares of BHP and Anglo American in the European mining space, citing a host of factors.
They also noted that overnight their strategy team had called a "tactical rotation" into value-style and cyclical stocks versus defensives.
To back up their case, the strategists pointed to higher readings on Purchasing Managers' Indices, stabilising bond yields, inflation forwards, higher oil prices and a decline in analysts' downgrades of their estimates for companies' earnings per share.