European Stocks Seen Lagging US Again; Germany May Get China Lift
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European equities are poised to underperform US markets again this year, partly due to lack of big tech stocks.
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Europe may benefit from exposure to improving Chinese economy, seen first in upcoming German PMI and IFO survey data.
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German flash manufacturing PMI expected to rise to 41.2 in November from 40.8 last month.
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German Ifo business climate indicator could hit 5-month high of 87.5 in November, suggesting economic slowdown easing.
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Technical analysis shows DAX may retest July high of 16,615, while FTSE range-bound between 7,200 support and 7,650 resistance.