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EU stocks to gain from Brexit deal: JPMorgan

Bloomberg Euro-area stocks would stand to gain more from a Brexit deal by the end of this month than UK shares, JPMorgan Cazenove strategists said. While such a scenario would be bullish for domestic British companies, a strengthening of the pound would take away much of the upside for UK equities, strategists led by Mislav Matejka wrote in a note. ...

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German banks pass ‘rates pain’ to retail clients

Bloomberg A growing number of German banks are passing on negative interest rates to their retail customers as the costs become too high to bear on their own. Berliner Volksbank, the country’s second-largest cooperative lender, started to apply a minus 0.5% rate on deposits exceeding 100,000 euros ($110,000) in its first charge for retail clients. The move may encourage other ...

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Goldman says it’s early to call end to equity bulls

Bloomberg It’s too early to bid farewell to the decade-long equity bull market as stocks are still providing healthy returns for investors, according to Goldman Sachs Group Inc. “Even with low profit growth the corporate sector has a high free-cash-flow yield and the dividend yield (plus buybacks) ought to still provide a reasonable relative return,” Peter Oppenheimer, Goldman’s chief global ...

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