Europe is back at the centre of global affairs following the recent Greek elections, causing many investors to ask when the eurozone crisis will ever end.
Equity markets have had a rough ride lately, especially since gloomier economic news from April and May made it clear that the risk-on rally that began late last year did not have the economic fundamentals to sustain it. However, things are not as bad as they seem for equity investors, with plenty of scope for bullishness along with the bearishness that has dominated sentiment over the past few months. For one thing, falling equity prices have lowered valuations to the level where European stocks are now extremely cheap by historical standards. They are now trading on a price-earnings...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes