Earnings momentum now favors Europe. Given the continued divergence in unit labor cost behavior between the two regions, coupled with the recent weakness of European currencies vis-a-vis the U. S. dollar, momentum should continue to favor Europe.
More Quotes from Ian Scott:
In many of the games the oldest player in the side is 21 or 23 and the lads are playing really well. We are looking for a win over Newton and I think we will certainly give them a run for their money.Ian Scott
It is the media area where the differential performance has been greatest and where we feel the valuation gaps across the Atlantic now look most extreme,
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That was the most important game we ever played. That was our freshman year, and we won. That turned out to be the only time we went to the championship game.
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I'm not surprised by anything that's happened. I just had to work hard and wait for an opportunity to prove to people what I could do.
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Oil prices should be supported by renewed imports into China. The banks, however, should see some moderation in their very strong earnings momentum.
Ian Scott
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