The values of European equities have slid to levels not seen since the recessions of the 1970s and 19...
The values of European equities have slid to levels not seen since the recessions of the 1970s and 1980s, says RCM. "Market valuations are now low by historic standards and are already discounting a great deal of bad news," says Neil Dwayne, the company's chief investment officer for Europe. Dwayne goes on to say although the first half of 2009 could be one of the toughest economic periods for decades, over the medium term there are some positives such as good global demographic factors and growing investment in infrastructure in the US and some emerging markets. Despite the fact RCM fo...
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