Are valuations enough to support Europe's stockmarket?

Valuations can, on a long-term view, offer significant opportunities, according to Vincent Devlin, co-manager of the BlackRock Greater Europe investment trust

The latest leading indicators suggest the European economy has a degree of resilience in the face of increased concerns over a global slowdown. The European Commission's Economic Sentiment Indicator (ESI), Business Climate, Industrial Confidence and Services Confidence indicators for Europe all showed some progress in September, despite concerns over a slowdown in emerging market growth. For companies with more domestic exposure, European equity earnings momentum remains robust and parts of Europe's 'periphery' are enjoying the highest growth they have seen in a number of years. Mo...