BlackRock: Europe set for rebound

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Europe is capable of bottoming much earlier in the economic cycle than in previous recessions and the worst of the damage to equity valuations may have already occurred, according to BlackRock's Alister Hibbert.

Hibbert, manager of European Dynamic fund, compared current market conditions to the recessions of the 1980s and 1990s, though comparisons end with the last great downturn between 2001 and 2003. He explained...

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