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