Equities turnaround was generated by cheap P/E valuations

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European equity investors have returned to the market with gusto over the last three months. The buo...

European equity investors have returned to the market with gusto over the last three months. The buoyant mood has been spurred by signs the global economy is stabilising and financial institutions are starting to find their feet. Since March, the MSCI Europe index has soared by over 20% - putting it officially in bull market territory. The question now is how to invest in the current climate? The economies of Europe are in recession, yet recovery prospects for the economy are gaining momentum. The European Commission's index for economic sentiment rose for the second consecutive month in ...

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