Invesco's Taylor says bad news priced in to European equities

Much of the bad news appears to be at the very least priced in to European equity valuations, with vo...

Much of the bad news appears to be at the very least priced in to European equity valuations, with volatility measures already at extremes, according to Invesco Perpetual's Jeff Taylor. Taylor, who is head of European equities, believes that analysts' forecasts do appear too optimistic, especially for industrial sectors, such as capital goods. However, he argues that a number of pressures of 2008 are waning, such as the fall in commodity prices and a diminishing threat of inflation. He also predicts further rate cuts from the European Central Bank. "Equity-market volatility measures are a...