Recent activity positive for European stocks

European stock markets have experienced a record-breaking run in recent weeks, with the FTSE Eurofirst 300 index reaching 6½ year highs at the end of May. Despite the prolonged bull run, we believe the long-term trend can remain intact. With strong economic growth, corporate restructuring, continued M&A activity, improving consumer confidence, healthy labour markets, further reform promised by France and Germany and buoyant global liquidity, there are many reasons to retain faith in European stocks. Recent European economic data has proved convincingly robust. The German economy is expe...