Earnings growth driving Euro markets

Speaking at a recent conference, McCarron said: “Germany’s continued recovery bodes well and a peak in unemployment some two years after a similar peak in the US, suggests that the German, and indeed European, consumer could take an active role in the next phase of Europe’s economic growth.” The European market has outperformed those of the US, UK and Japan for the last four years and the question now being posed is whether this trend can continue. Since 2003, equity markets have been faced with various top-down fears including rising oil prices, terrorism, hurricanes and housing bu...