Sourcecap Hermes CEO : Why we need to be cautious on Europe

Cheap Chanel Bag Sentiment in Europe has with Eurostat , which improves a 0.3 percent GDP growth in the second quarter for the euro zone, which means , from the longest recession block on the disk . But Parry said: "If you take a step back and look at the progression of feeling, it is quite remarkable , however , it is open if we can get this issue back in 2014 - we must be careful that this is not an automatic . consequence that the strong growth in 2014 . "We do not really know if a back-up in bond yields will stifle the recovery , it is very reflective. , You can show periods when rising interest rates, the growth have been wiped out. " Investors back to European funds as macro picture more positive euro zone , with Bank of America Merrill Lynch Fund Manager Survey in August shows a net 20 percent of respondents admitted that she was overweight on Europe at a glance 12 months appears .Discount Louis Vuitton At the time of the survey , said a net 17 percent of respondents said that they already overweight in Europe - . , An increase of 14 percent from July Parry is cautious about extrapolating to use as a positive view of the recent economic data and better the health of the balance sheets of each company watermark for the euro zone. "It is always to find the right stocks , because there is not enough lift economic growth of all economic boats. , But it's just seen PMI rising trend in recent months," he said. "Many companies have already re-rating in anticipation of a recovery in the results, but we have yet to see The litmus test is whether a company is increasing sales and profit that happen. . Currently we do not have enough of this view . "Prada Messenger Bag