European equity markets might still have to endure a volatile summer, but in contrast to other globa...
European equity markets might still have to endure a volatile summer, but in contrast to other global equity markets, the region is enjoying its most positive outlook for some time. The euro, which finally rallied in May after a 17-month slide, is still a concern. European economies, in contrast to the US or UK, are more sensitive to currency levels than to interest rates because they have more fixed rate mortgages and lower levels of personal debt. Although a weak euro supported Europe's climb out of recession earlier this year, too rapid an appreciation now would risk plunging the r...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes