Forecasting continental European stockmarket movements is particularly difficult in current conditio...
Forecasting continental European stockmarket movements is particularly difficult in current conditions. The overriding factor is macroeconomic, with investors taking a view on whether the US will slip into a sustained recession. The world's central banks are unable to shed meaningful light and it is likely to be months before a conclusive steer is given on which way the US will tip. The bears point to banks in Europe being reliant on structured products and leveraged balance sheets - avenues closed by the credit crunch. Consumers in mature markets are generally over-geared, with education...
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