U-shaped economic recovery likely
'Let the buyer beware'
Investors could be forgiven for thinking that nowhere is an immediately appealing prospect for investment right now, least of all Europe.
It has been a strong showing for European equities in recent weeks, with the European Central Bank (ECB)'s policy action – and the rate cut in the US – all helping to lift shares higher.
Most fixed income has performed well in 2019 aided by the change in outlook from many central banks around the world and the gross redemption yield (GRY) on many bonds have fallen to very low or negative levels.
European equity markets have struggled to perform since the start of 2018 owing to the relaunch of trade wars by US President Trump, coupled with uncertainty surrounding Brexit.
'Significant eurozone reform' on the cards
Investors should lower exposure to Europe
After a terrible share price performance since the start of the year, Vodafone provided a more reassuring set of half year results last week.
Spike in fine wine markets
'Round of 16’ and quarter-finals
Financial performance in focus
US 70% responsible for current rates
Financial markets are heavily distorted by the unprecedented market presence of central banks. Markets have become extremely sensitive to changes in central bank actions.
Euro and Ibex 35 fell
Impact on Spain's credit rating
Catalan leader wants to holds talks with Madrid
90% of Catalans voted for independence
Who would have thought 12 months ago that Europe would have become the destination of choice for investors in 2017? What has changed?
Now the UK's Brexit referendum is old news, Europe's troubled peripheral economies are once again under the spotlight as political deadlock in Spain and Greece's growing debt burden cast a shadow on their recovery prospects.
Markus Schomer, chief economist at PineBridge Investments, explains why he is forecasting stronger growth in the next two years as three shocks that hit the global economy in the past 18 months fade away.
Looking at potential Pioneer IPO
Edward Smith, asset allocation strategist at Rathbones, takes a closer look at the winners and losers from the UK's decision to leave the EU.