Lower euro and oil prices starting to support EZ fundamentals: Societe Generale

Quotes from Societe Generale:

- Lower euro and lower oil prices are starting to support eurozone fundamentals, while cyclical indicators like PMIs are on the rise. This fundamental story adds to the liquidity (ECB QE) and flow reallocation tailwinds. 

- We are overweight on peripheral government bonds and holds more than twice the benchmark weight on eurozone equities. Expect compression vs OAT and Bunds to continue (target 5y and 10y).