The most important factor for European equities for the foreseeable future will be the direction of bond yields.
It is clear to many market participants that focusing attention solely on traditional company-specific data such as standard ratios and financial outputs is no longer adequate.
It has been widely reported the UK consumer is facing headwinds and potential challenges on a number of fronts.
MFS Investment Management's Pilar Gomez Bravo
Is it time to buy gold amid stretched valuations?