Live Markets: Equity positioning turns overweight - Deutsche Bank
22/07/2025 09:54
STOXX 600 down 0.4% Trade concerns persist Chemicals stocks underperform after earnings Wall St futures lower Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com EQUITY POSITIONING TURNS OVERWEIGHT - DEUTSCHE BANK In its weekly investor positioning note, Deutsche Bank strategists say their measure of equity positioning has risen again this week to turn overweight for the first time since February, but not yet to extended levels. "As we have laid out over the last few weeks, even with equities at record highs, positioning is not yet elevated," Deutsche Bank strategists, led by Parag Thatte, say in a note. "Resilient earnings growth suggests room for equity positioning to keep rising." Earnings season has got off to a solid start. Of the 59 companies in the S&P 500 that had reported earnings for Q2 up to Friday, 81.4% beat analyst estimates, according to LSEG I/B/E/S. This compares to a long-term average of 67.1%. "In the absence of a clear negative catalyst, there is room for positioning to continue trending higher," Deutsche Bank says. (Samuel Indyk) ***** EARLIER LIVE MARKETS POSTS: CAUTIOUS START CLICK HERE EUROPE BEFORE THE BELL: FUTURES LOWER AS MARKETS WATCH EARNINGS, TRADE TALKS CLICK HERE EUROPE INC BRACES FOR PAIN FROM A STURDY EURO CLICK HERE The euro has surged 15% against the dollar this year https://reut.rs/3Ufh8TV Expectations of Q2 2025 STOXX 600 earnings' year-on-year growth rate https://reut.rs/3GMUQFY European stocks suffer nervy start https://reut.rs/3Unoyo7