European equities have finally broken out on the upside and we still see another 4-5% upside for the region short-term, a great read through for the ASX which is highly correlated to the EURO STOXX 50 et al – unfortunately the crash of iron ore prices dragged with it the likes of BHP Group (BHP) and RIO Tinto (RIO) hence it’s likely the ASX will continue to underperform its global peers.
MM’s remains bullish European stocks
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