Greece crisis: Be prepared to take advantage of pullbacks in European equities – Standard Chartered

FXStreet (Barcelona) - The Wealth Management Team at Standard Chartered suggests staying invested in European equities through short-term volatility and taking advantage of any pullbacks due to the Greece crisis, but with caution.

Key Quotes

“Stay invested through short-term volatility. While further pullbacks may be in the offing in the short-term, we continue to believe ECB liquidity support will limit contagion risks, helping ensure any volatility is temporary. Key supports for Euro Stoxx 600 are about 4% and 7% lower from here.”

“Be prepared to take advantage of pullbacks. We believe a pullback would offer excellent opportunities to add to European equities (one of our preferred markets). We remain on watch, though it may be too early to pull the trigger just yet.”