BAML's Sharma Is Staying Defensive on the Euro

The transcript discusses the European Central Bank's policy adjustments and concerns about European macroeconomic growth. It highlights market reactions to German factory orders and service sector PMI numbers, emphasizing the market's focus on forward-looking indicators. The discussion also covers the influence of Chinese economic data and US-China trade talks on the euro. Finally, it examines the dynamics of Euro sterling in the context of Brexit and ECB policy, noting the geopolitical factors driving its stability.

What are the concerns regarding the European macro growth mentioned in the text?

How did the market react to the factory order numbers from Germany?

What factors are influencing the movement of the euro according to the text?

What is the significance of the PMI numbers in relation to the euro?

How is the geopolitical situation affecting Euro sterling according to the discussion?