When market conditions are not working very well for European shares, they can hope for weaker euro, since in this case European companies operating globally become more competitive, Bloomberg writes.

It is looks like that region’s stocks need weak euro now as never before, since European stocks' index showed the biggest five-day losses in seven weeks amid such risks as crisis in Turkey, trade conflict and political instability in Italy.

Last week euro fell to the lowest level related to dollar in more than a year. Median forecast for euro rate by the end of this year has been declining since the middle of 2018. Now the estimate compared with last year is negative.

Weakening of euro shall stimulate corporate earnings, experts at BNP Paribas Asset Management think. Of course, it will largely depend on reasons behind euro decline.