Business & Finance
Goldman Sachs: Euro Stocks Resilient to Macro Pressures
Key Points
Peter Oppenheimer, chief global equity strategist at Goldman Sachs, says European stocks have remained resilient and have "done rather well" in the face of inflationary pressures and rising bond yields. He also comments on French bond yields. Speaking on Bloomberg Television, Oppenheimer says the profit story "is still solid," but should markets experience a further sharp bond selloff, equities could "become vulnerable."
Peter Oppenheimer, chief global equity strategist at Goldman Sachs, says European stocks have remained resilient and have "done rather well" in the face of inflationary pressures and rising bond yields. He also comments on French bond yields. Speaking on Bloomberg Television, Oppenheimer says the profit story "is still solid," but should markets experience a further sharp bond selloff, equities could "become vulnerable." (Source: Bloomberg)