Which areas will benefit from any weakness in the euro?

For the first time in a number of years, pan-European large company corporate earnings for 2017 look set to post a double digit year-on-year advance.

This has built hopes that 2018 will be a second successive year of faster earnings growth in Europe than the US. So does another year of double-digit advances await?  My first observation is that the easy comparisons of performance that existed for sectors such as energy and the financials no longer exist. If you strip out these two sectors, then pan-European earnings growth would have been much shabbier.  Undoubtedly, the easy comparisons versus recent history will still be apparent in 2018 in a bevy of domestically-oriented sectors such as telecoms, utilities and retail. Launches...