Europe's economic recovery continues to broaden and deepen. The ongoing expansion is supported by a synchronised global growth backdrop with few medium-term concerns coming from the international trade impulse.
Specifically, recent eurozone growth data has been solid with Austria, Spain and Sweden the outperformers. However, subdued underlying inflation remains a conundrum among market participants and policymakers. The eurozone periphery continues to be supported by the appetite for yield and the return of Greece to the market after a three-year hiatus also marked a milestone towards progress in the region. Euro hits six-month high; Sterling falls We feel that the fundamentals are supportive as long as the politics are not a problem and we would perceive that Greece will experience ongoi...
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