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Cyclicals are doing best — #SaxoStrats
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The majority of earnings are released next week and according to Saxo Bank's head of Equity Strategy, Peter Garnry, the outlook is positive. The leading indicators point to further growth in 2017, he says.
Garnry sees top line and operating income growth improving in Europe, but he also believes that the US is coming out of the shadows. Garnry points to the cyclical sectors in particular. They are doing best, he says.