Europe Banks Could Beat Earnings Expectations: Barclays's Cau

The video discusses the low expectations for Q3 earnings, particularly in Europe, and the potential for improvement in financials towards the end of the year. It highlights the lack of dispersion in European equities and the subdued earnings in Europe over the past decade. The discussion also covers the impact of global factors such as Chinese economic data and Brexit on European earnings and macro sentiment.

What has been the trend of earnings in Europe over the last 10 years compared to the US?

What role does macro sentiment play in supporting domestic exposure according to the text?