Vanguard's Gray: European equities may 'soon look attractive'

Investors could be forgiven for thinking that nowhere is an immediately appealing prospect for investment right now, least of all Europe.

It was being hit by the downturn in world trade before the coronavirus outbreak. Its economies have been hit particularly hard by the shutdown of both people and business as governments step up their efforts to suppress the virus. The picture is far from clear, but we believe that continental Europe and the UK are already in recession due to strict government lockdown measures, which involve school and business closures and restrictions on social interactions. Identifying 'Europe's few global champions' Coronavirus is particularly affecting Italy and Spain. Germany and France seem ...