Latest news with #EmmanuelCau
Yahoo
28-05-2025
- Business
- Yahoo
Path of Least Resistance for Stocks Is Higher, Barclays Says
(Bloomberg) -- Investor exposure to equities is still low enough that the 'path of least resistance' for the market is higher, according to strategists at Barclays Plc. NY Wins Order Against US Funding Freeze in Congestion Fight The team led by Emmanuel Cau said institutional investors weren't a big part of the stock rebound in May, with positioning remaining broadly underweight. Absent a volatility shock, 'systematic buying could continue to help equities to grind higher,' Cau wrote in a note. The MSCI All-Country World Index has rallied 5.7% in May, tracking its best month since November 2023, as global trade tensions eased. Still, risk appetite was dented last week by investor concerns around the US fiscal deficit. All eyes are now on Nvidia Corp.'s earnings report, due later Wednesday, for clues on demand for artificial intelligence, which has powered much of the rally in tech megacap stocks. US-domiciled investors sold domestic stocks and bought international equities in May, Cau said, although the 'sell America' trade is largely concentrated in the dollar and bonds. Meanwhile, repatriation into Europe has paused with limited selling of US assets by European investors. Cau correctly predicted earlier this month that a de-escalation in the US-China trade war would boost stocks. Mark Zuckerberg Loves MAGA Now. Will MAGA Ever Love Him Back? Millions of Americans Are Obsessed With This Japanese Barbecue Sauce Why Apple Still Hasn't Cracked AI Inside the First Stargate AI Data Center How Coach Handbags Became a Gen Z Status Symbol ©2025 Bloomberg L.P. Sign in to access your portfolio
Bloomberg
28-05-2025
- Business
- Bloomberg
Path of Least Resistance for Stocks Is Higher, Barclays Says
Investor exposure to equities is still low enough that the 'path of least resistance' for the market is higher, according to strategists at Barclays Plc. The team led by Emmanuel Cau said institutional investors weren't a big part of the stock rebound in May, with positioning remaining broadly underweight.
CNBC
22-05-2025
- Business
- CNBC
'We are already in the danger zone for equities,' says strategist
Emmanuel Cau, head of European equity strategy at Barclays, discusses global bond and equity markets from the Barclays Leadership Conference in London.
Japan Times
05-05-2025
- Business
- Japan Times
European firms fare better than expected through early trade pain
European firms are reporting earnings significantly ahead of expectations, allowing for some relief in the market, but tariffs and the uncertain path of economic growth continue to cloud the outlook. Companies on the MSCI Europe index are averaging earnings growth of 3.8% so far, outpacing preseason estimates of a 1.4% decline, with over half of the index's market value having reported. Sales growth for the basket of European firms is also currently ahead of estimates, Bloomberg Intelligence data shows. "First quarter earnings look solid with blended EPS starting to inflect higher, but top-line beats have been tepid,' said Barclays strategists including Magesh Kumar Chandrasekaran and Emmanuel Cau. Still, they add that "guidance has been weak and sentiment on capex has turned cautious owing to tariffs,' citing exposed sectors including commodities, discretionary, industrials and utilities.
Bloomberg
16-04-2025
- Business
- Bloomberg
Barclays' Cau Says European Stocks Cushioned for Mild Downgrades
European equities are pricing in lackluster earnings and economic stagnation, which could help the market maneuver through reporting-season adversity, according to strategists at Barclays Plc. The team led by Emmanuel Cau said equity valuations indicate no earnings growth while consensus estimates forecast a 6% rise in corporate profits in 2025. This mismatch will 'cushion against mild downgrades, but valuations and earnings have downside in case of recession,' the strategists wrote in a note on Wednesday.
