With valuations at such low levels, the region appears to be bottoming out and there should be plenty of opportunities for selective share purchases
The European markets have seen such substantial falls, particularly when compared to the US, that they now offer interesting value. However, sentiment in Europe is still driven by what happens across the Atlantic. With the scope for decoupling limited, we will probably need positive US markets to deliver a significant and sustained rally. Once again, it will remain crucial to pick the right areas in which to invest during the course of 2003. Regardless of the outlook for 2003, one of the best ways to invest is to seek out quality. There are some high quality companies that have perfo...
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