The bull case for Europe has been well documented over recent months and most European markets now s...
The bull case for Europe has been well documented over recent months and most European markets now stand at a significant premium to the UK. The European economy is currently expanding at around 3.5%pa, which should translate into earnings growth of about 10-14% over the course of the year. So with excess capacity in the economy, the potential for Europe to experience a 'goldilocks scenario' is real. The key question going forward is how the European Central Bank (ECB) manages interest rate policy and the level of the euro in the world's currency markets. So far, the interest rate polic...
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