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The measures unveiled over the summer by the European Central Bank chairman Mario Draghi have largely assuaged concerns over the Eurozone’s future. The ECB’s credibility has already sent peripheral country interest rates lower without spending a single euro. As financial conditions continue to improve, healthy European groups and relatively undemanding valuations have given European equities a centre stage position for 2013.
A promising market environment
Three factors help support expectations that European equity markets will perform well in the future:
The ECB’s historic announcements
The exceptional decisions taken by the bank since the summer of 2012 to stem the eurozone crisis have acted as a catalyst on...
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