Greece Topping Forecasts Is European Exception: Chart
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Greece is the only western European stock market to trade at a premium to analysts’ price forecasts after a 71 percent rally in the benchmark ASE Index from this year’s low.
The CHART OF THE DAY shows that the ASE has climbed 6.1 percent above the level indicated by collating brokers’ share-price estimates for individual companies. The premium jumped to 16 percent last week, the most since at least July 2010, and compares with an average 8.4 percent discount for the region’s other 16 gauges, the data show. Bloomberg doesn’t have projections for Iceland.