Reasonable valuations makes Europe attractive By Chris Tracey, investment director The MSCI Eu...
Reasonable valuations makes Europe attractive By Chris Tracey, investment director The MSCI Europe ex UK Index rose nearly 5% over the month, but even more impressive was the 20% gain made by the main French and German indices from their September lows. Having cut rates on 30 August and 17 September the ECB declined to complete the hatrick at its October meeting on the grounds that a third cut might have caused a mild panic. Not surprisingly the euro, which increasingly appears to reflect relative confidence in the ECB versus the Fed, weakened. Certainly there was absolutely no ...
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