Currency depreciation gives boost to European equities

Standard Life Investments is to remain bullish on European equities because of the depreciation of the euro and strong sales to overseas markets. Andrew Milligan, head of global strategy at Standard Life Investments, says: "Many clients have asked the company whether to favour other markets after the recent outperformance of European assets. The company's decisions will largely depend on the prospects for European earnings growth. "If global activity remains upbeat in 2006 and there is prospects for further structural reform across the continent, then the arguments in favour of a heavy...