Investing on the equity horizon

EUROPEAN EQUITIES

Aviva's John Botham on the opportunities for European equities on the longer-term horizon

In recent weeks, the strong equity market rally that began in March 2009 has stuttered as the prospects for a sustained economic recovery appear to hang in the balance. A stronger-than-expected Q1 earnings season, a continued superior growth outlook across many Asian countries and improving economic conditions in the US helped buoy optimism that the global economic recovery was on course, although more recently this has been tempered by the risks arising from the sovereign debt crisis in Europe and subsequent fiscal retrenchment. In contrast to other parts of the world, the economic r...