Since the US market peaked three years ago, European equity markets (excluding the UK) have tum...
Since the US market peaked three years ago, European equity markets (excluding the UK) have tumbled further than other major blocks. The recovery of the euro in 2002 narrowed the extent of underperformance by Europe, but it still remained wide. The development of Euroland evidently did not provide any notably positive market themes. While there has been progress in unifying financial markets allowing non-government bond markets to blossom, major supply side reforms were not apparent. Critically, there was no momentum towards labour market de-regulation or pension fund reform in Germany....
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