BUZZ-Europe: what's hot, what's not
Round-up of the latest European equity market heat maps based on constituents for the Stoxx 600 :
** Year-to-date performance: http://link.reuters.com/tag98v
** German stocks remain the weakest except for significant outperformance from EM-exposed materials companies like ThyssenKrupp (Xetra: TKA.DE - news) , Symrise (Xetra: SYM999 - news) , Heidelberg
** EPS revisions over past month: link.reuters.com/rag98v
** Fairly quiet heading into earnings season but downgrades in UK healthcare with GlaxoSmithKline (Frankfurt: GS7.F - news) & AstraZeneca both seeing EPS estimates cut.
** Forward P/Es: link.reuters.com/sag98v
** Portuguese banks and Sweden's Lundin Petroleum (Other OTC: LNDNF - news) both trading at over 40 times.
** IT sector in UK and Italy appearing pricey. At 18.1 times IT is Europe's most expensive sector.
(RM (LSE: RM.L - news) : vikram.subhedar.thomsonreuters.com@reuters.net)