Euro consumer sector may struggle after ECB rise - F&C

The European basic consumer goods sector could struggle following the ECB interest rates rise this w...

The European basic consumer goods sector could struggle following the ECB interest rates rise this week, according to Crispin Longden, manager of the European Assets trust at F&C. "The ECB continues to regard monetary policy as being accommodative and certainly, the impact on companies in general has been muted. European companies remain very cash-rich and for many investors the events surrounding the rate rise were quite positive. The ECB has not signalled that another rate rise is imminent and the bank has raised its forecast for the potential growth rate of the Eurozone economies to le...