Positive outlook for Europeanequities

The European equity market offers great expectations for the next 12 months. After a disappointing 2001, during which major indices declined around 20% in sterling terms, we can at last look forward to positive returns. Like the UK, European markets rallied well from their lows in September last year following the terrorist attacks in the US. The aggressive interest rate cuts and fiscal stimulus seen since then in the US, UK and Europe should have the desired economic affect and provide a base for a global recovery this year. That said, the the recovery will probably not be seen until...