While macroeconomic concerns remain, the outlook for European equities is now more positive than a year ago.
Political and structural changes abound
Despite some emerging evidence that Europe's economic prospects may be stabilising, the direction of the region's equity markets remains determined by extraneous factors, notably the progress of ongoing US-China trade negotiations.
Brexit and US-China tensions still to deal with
Underperformance still present – for now
Hopeful of revival amid geopolitical risks