汇丰银行-欧洲股市洞察-20170810-hsbc-europeanequityinsights：radar：correctionriskrising.pdfVIP

10 August 2017   European Equity Insights EQUITY STRATEGY EUROPE  Radar: Correction risk rising  Probability of a correction in H2 has risen – we investigate the Robert Parkes* Director of European Equity Strategy possible negative catalysts HSBC Bank plc robert.parkes@  Utilities is the most attractively positioned defensive sector on +44 20 7991 6716 the Radar Amit Shrivastava* European Equity Strategist HSBC Securities Capital Markets (India) Private Limited  Insurance raised to overweight (from neutral) and Software amit1.shrivastava@hsbc.co.in +91 80 4555 2759 cut to neutral (from overweight) *Employed by a non-US affiliate of HSBC Securities (USA) Inc, and is