Two weeks into the new month and half, there is one theme that is materialising, which is particularly exciting. We are seeing buying interest in Banks beginning to build momentum. We have seen a marked increase for both Hedge Funds and Institutions, and this has coincided with the recovery in the SX7e relative to the SXXP . Is this the inflection point that we have been waiting for? Well, we still have a long way to go, but I do think that overall the fact that Banks have made up the largest portion of our flow so far this month is something to note.
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