Gavekal Capital: Positive Expectations for Most Everything-- Except Prices-- in Europe

Friday, March 28, 2014

Positive Expectations for Most Everything-- Except Prices-- in Europe

Sentiment indicators for Europe showed an improvement in the month of March, driven primarily by consumer confidence's largest monthly increase since April 2009:

The five largest economies all posted gains (though muted in France and Germany), while the Netherlands was this month's big winner with a +2.3 rise:

The one notable decline: selling price expectations (in all major categories). Drops in the Services and Retail groups were particularly pronounced and consumers' price expectations reached the lowest levels since November 2010:

About Gavekal Capital

Gavekal Capital is a US registered investment advisory firm that manages the Gavekal Knowledge Leaders Strategy. Knowledge Leaders are a group of the world’s leading innovators with deep reservoirs of intangible capital. These companies often possess competitive advantages such as strong brand, proprietary knowledge or a unique distribution mechanism. Knowledge Leaders are largely service-based and advanced manufacturing businesses, often operating globally. Gavekal Capital seeks to identify the world’s leading knowledge companies through a proprietary process that analyzes corporate knowledge investments.
We offer the Gavekal Knowledge Leaders Strategy in multiple products for global investors. For more information about our product offerings please visit http://www.gavekalcapital.com.
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