Europe Stock Traders Like Leverage, While CEOs Are Avoiding It

  • Debt at Stoxx 600 companies will fall 17% this year vs profits
  • Shares of companies with high leverage are outperforming

Mario Draghi’s efforts to drive interest rates into the ground is failing to slow a five-year campaign by European companies to reduce borrowing. The stock market wishes it would.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.