Why Europe is on its way back

ON EUROPE

Banks and media stocks have caught the eye of T. Rowe Price's European manager Dean Tenerelli.

Despite market weakness early in the year, the European macroeconomic picture is beginning to improve. European economies troughed somewhere during the second quarter of 2013 and leading economic indicators as well as actual economic data are pointing toward an improving macroeconomic picture. Banks and media Investment opportunities in Europe reflect much of the corporate restructuring that has taken place. There has also been a lot of consolidation, particularly within the banking sector. In Spain, for example, there were about 60 regional banks prior to the crisis; now there a...