Bullish Investors Say Signs Point to Europe - by Dave Kansas
While some indexes have fallen back from recent peaks and the sturdiness of the bull run has come under intensifying scrutiny, global investors remain remarkably upbeat. Many believe that stocks will continue to rise and that Europe in particular may be the region best positioned to benefit from a rebound in share prices over the next 12 to 24 months. Its economy is expected to slowly recover, corporate earnings are projected to rise, and monetary policy -- very low interest rates -- will remain favorable. "We back global economic recovery, a robust corporate-profit recovery and improving demand for U.K. and European equities to drive 20%-25% returns" over the next year to 18 months, Citigroup analysts said in a recent report.
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