Europe’s Biggest Companies Have More Room for Buybacks and Deals

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Bloomberg News

Financial Leverage,Euro Stoxx 50 Index,Share Buybacks

(Bloomberg) -- Financial leverage at Europe’s biggest companies is expected to ease this year to the lowest since 2008 and the global financial crisis...

-- Financial leverage at Europe’s biggest companies is expected to ease this year to the lowest since 2008 and the global financial crisis, potentially allowing for more dividends, buybacks and M&A.Ambani's $600 Million Wedding Is Just Business as Usual

The Euro Stoxx 50 index in any case represents the “high quality, low leverage, pretty high margin top end of the market,” Fowler said. He cited companies like chipmaking equipment manufacturer ASML Holding NV, obesity-fighting drug producer Novo Nordisk A/S and industrial gas supplier Air Liquide SA as among those best exemplifying those attributes.

“The flood gates aren’t open because there is still a concern around pockets of volatility and the sellers would like the valuations to be higher,” Fowler said. “But if European valuations were to rise a bit further, if some of the election-related risks started to subside, then I think that there will be a pretty steady, if not rapidly growing stream of IPOs.

Cathie Wood says she wouldn't have sold Nvidia stake 'had we known that the market was going to reward it'

 

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