World’s Biggest Asset Manager Downgrades European Banks To Sell, Expects Global Slowdown

Wednesday, July 6, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
Jul 6, 2016

“We have trimmed our global growth expectations, and now expect a modest slowdown over the next 12 months. We see risk of a UK recession and European slowdown, as Brexit uncertainties weigh on sentiment. Our new BlackRock Macro GPS “nowcasting” indicator suggests Brexit-related uncertainty has already started to negatively impact UK and global economic growth. We have downgraded European stocks to underweight, with a negative view of the eurozone banking sector.”

The Rest…HERE

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