Fidelity's Morse 'nervous' on European valuations
Little margin for error
Sam Morse of Fidelity
Continental European investors have become much more confident and optimistic in recent months and many are now willing to take on more risk in equities, high yield and other markets.
This is understandable given the improving backdrop in terms of the European economy, and corporate earnings, which has been coupled (thankfully) with a quieter period in continental politics. In the...
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