We Are Positive on Europe Short-Term: BNP Paribas

4:00 AM ET Thu, 19 July 2012

"The European summit seems to have been quite pivotal, they really focused on financial system support as opposed to sovereign support so now it is about implementation, and at least meeting expectations or beating expectations, so we are fairly positive on Europe in short-term." Gerry Fowler, global head of equity, BNP Paribas, told CNBC.