By Alia Baig, head of European equities at AXA Investment Managers In a bad year for European eq...
By Alia Baig, head of European equities at AXA Investment Managers In a bad year for European equities, markets registered a fall of around 20% in 2001, making it the second consecutive year of negative returns, following a drop of around 5% in 2000. Historically, a third year of negative returns would be highly unlikely. However, after the extreme levels of market volatility and increasing pessimism that characterised 2001, what can we expect from European equity markets in 2002? Monetary policy will remain supportive during the first half of the year and interest rates in Eur...
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