Where to invest…and avoid in crisis-riddled Europe

Cédric de Fonclare, manager, European equities at Jupiter, reveals the type of company that is set to flourish in times of uncertainty.

European equity markets are being buffeted by uncertainty over the timing of an eventual Spanish request for European bailout funds. Protestations from Spain’s government that no bailout is imminent do little to ease market jitters over the survival of the eurozone project. Should Spain finally seek financial assistance, a move most economists view as inevitable, stock markets are likely to react favourably. Positive sentiment, however, may be quick to fizzle out. What is clear is the decisions taken by Europe’s politicians and central bankers to tackle the ongoing debt crisis have...