UPDATE 1-BofA-Merrill stays overweight on European CapGoods


Aug 25 (Reuters) - Banc of America Securities-Merrill Lynch said it remained overweight on the European capital goods sector for the rest of 2009, as it expects a lot of the potential good news for the longer term to be priced in by the end of the year. There are too many positive factors that cannot be ignored, including a strong lead indicator momentum, scope for industrial production to rebound substantially and an end to destocking, the brokerage said. The market still has an ...

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