Citigroup strategists said that despite pressure from the macro environment, the size of European stock market positions is picking up. Analysts pointed out that a recovery in market risk appetite boosted stock holdings across Europe; FTSE 100 and Eurostock 50 bears continued to lose money, leaving room for further upward movements in the stock index. The strengthening of the energy sector is driving FTSE's more than 100 positions close to the overallocation range. Currently, all short positions are floating and losing, making it very easy for bears to make up; however, once crude oil prices fall, huge long positions may trigger large-scale profit settlements.

Citigroup strategists said that despite pressure from the macro environment, the size of European stock market positions is picking up. Analysts pointed out that a recovery in market risk appetite boosted stock holdings across Europe; FTSE 100 and Eurostock 50 bears continued to lose money, leaving room for further upward movements in the stock index. The strengthening of the energy sector is driving FTSE's more than 100 positions close to the overallocation range. Currently, all short positions are floating and losing, making it very easy for bears to make up; however, once crude oil prices fall, huge long positions may trigger large-scale profit settlements.