Europe still attractive in short term but there are worries over the longer term

The Debate

Botham and Wallington of Hendersons and Invesco Perpetual respectively, discuss European stockpicking for the best returns

Can you give us a brief outlook on European prospects as things stand? John Botham (JB): We still see some upside into next year. The markets aren't trading that expensively and earnings growth and earnings revisions continue to be positive. We would caution though that what upside we see is probably front-end loaded over the next six months because our concern really relates to the lagged impact of higher interest rates and oil prices slowing the global economy down. So good times for now but watch out in the second half of next year. Dominic Wallington (DW): We have had three years of...