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Like that was the big news today looking amazing frankly you saw the German market -- -- in the English market I mean heck there was some big numbers there but there's -- question for all of you now.
Should you be investing.
Market Penske chief investment officer of global non US equity American century spent last are trading with me up Fox Business exclusive.
You've the got this big basically this agreement many US investors had.
Wanted to become a deal like they did today we're you bullish on Europe before or was it today that you're going on yourself when -- department.
Well we've been ambushed on European companies for quite awhile I think most of our portfolios are overweight Europe.
There are some great companies there are so you can't you have to overlook what's happening from an economic perspective or from a political perspective.
Look past that the companies are still very strong.
But the European companies is similar to what happens with the United States companies and we kind of have to play up that currency valuation.
And the Euro has been surging and we were sitting about Bloomberg an eight month high right now because she's realizing our largest gain in eight months -- yeah.
-- that bit of a negative though for European countries and -- X.
Or certainly the Euro has been actually week for the last twelve months so it's been weakening slowly but surely so today's today's -- is really just so often often -- this agreement.
You know several really important things happen in the last like the last two weeks.
The first thing was that the French president announced that they were gonna keep their budget -- they were not gonna grow their budget.
Over the next three years -- and keep spending flat.
And then the German Economy is really starting to slow and I think that got Merkel worried about.
What I need to do something here right -- -- -- if -- across the eurozone down 2% right right -- -- the forecast for the year for the Germans and the Germans could walk around their their time is growing fast they're really need to give up give up on anything but.
Now it's starting to slow he got a couple of interesting -- and -- global pact that they are European based companies and I wanna get to them the first one segment.
This is based in France -- -- is global engineering construction it's an energy plane in a way Iraq right.
As it is and -- -- -- it is the premier developer of deep water oil and gas platforms and end up and all of that construction you need around -- -- things together.
OK also -- a -- this is based in the Netherlands again this is oil.
Chemicals as while also -- Li I see kind of -- here being never -- but the difference with gopac his book -- -- -- storage companies that would stores it.
Chemicals and oil.
And what's happening now is energy or or chemicals are being produced in places where they're not consumed.
So you produces Saudi Arabia but you need to -- the -- and and you need to stored somewhere both of these global companies that mentions August and customers around the world announce my electric -- -- we're gonna have a little bit more regulator on the show he's going to be here for the out our.
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