Upmove in European equities not in coherence with its GDP growth: Societe Generale
Patrick Legland, global head of research at Societe Generale, tells NDTV Profit that recent encouraging economic numbers are attracting investors towards riskier assets. He is of the opinion that Eurozone GDP growth is not in coherence with the equity market upmove. But he thinks the euro's underlying strength may stem from the ECB's conventional policy of cutting interest rates rather than implementing unconventional quantitative easing.
