In common with other world markets, Europe has experienced high volatility in the last few months as...
In common with other world markets, Europe has experienced high volatility in the last few months as the telecommunications, media and technology sectors have lost some of their previous gains. Most investors expect volatility to continue for a while as the rotation between old and new economy stocks continues. We feel that even now, higher volatility is endemic in the markets as valuations remain at historic highs, and it has been valuations rather than real events that have been driving the markets recently. The economic fundamentals in Europe remain positive with growth continuing to im...
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