Despite ever-present political instability and security fears, coupled with uncertainty over how and when the European Central Bank (ECB) will act to boost economic growth, BNP Paribas Wealth Management has forecast a “European revival” in its 2015 investment strategy.
“We are confident in the capacity of the European stock markets to recover in the long-run, partly due to the fall in the euro,” said analysts at the French financial institution in a report out Monday.
“Attractive opportunities are being created on the euro zone equity markets as the region transforms itself into a more integrated and more competitive region. Investors who accept that the journey might continue to prove bumpy can take exposure to an earnings catching-up story.”
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