Wed Aug 19, 2009 17:07 GMT |
BMI’s Justin Patrie cautions against premature excitement following the release of Q2 GDP data for several CEE and eurozone economies. Nevertheless, differentiation will remain key and the usual suspects (i.e. Turkey and Poland) continue to stand out as the ideal relative value play.
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Tags: Baltic States, Bulgaria, CEE, currency regimes, Czech Republic, Equities, Eurozone, financial markets, France, FX, Germany, Poland, Q2 GDP, recession, recovery, Slovakia, trough, Turkey
Posted in: Emerging Europe, Equities, Eurozone, Financials, General, Podcast
Mon Aug 17, 2009 16:58 GMT |
‘A tale of two Europes’ seems to be the best way to describe the slew of Q2 GDP releases that came out in the second week of August. On the upside, Germany and France, the two largest eurozone economies, surprised most analysts by surging out of recession and posting 0.3% q-o-q growth. This helped to… [Read more]
Tags: Czech Republic, eastern europe, Eurozone, France, Germany, Q2, real GDP growth, recession, Slovakia
Posted in: Emerging Europe, Eurozone, General