CONJECTURE

The outlook for European equities

The latest Investment Week Conjecture debate focused in on the outlook for Continental European equities with a panel consisting of Henderson's John Botham, Hu Aarts of Merrills and Paras Anand of DWS. Among the conclusions of the three fund managers are: • European markets look cheap compared with the US. • Eastern Europe's cheaper labour costs are helping to drive down equivalent costs in western workforces. • Corporate governance standards are on the rise. • The dollar has further to fall against the euro. • National economies continue to exist despite the single currency and inter...