LV= European manager uncertain on future market direction

Markets are at a transitional stage but whether they move in an upward or downward direction over the next six months is still unclear, according to LV= European manager Richard Falle.

Although valuations are attractive in Europe, investors are uncertain about what the economic recovery will look like in the short term so are wary of placing any bets, he says. “All the charts are at fairly critical levels but whether it will be another sell-off or not, we do not know. “The summer is always a difficult time and it is easy to dislike Europe at the moment because of the euro. “We are also seeing governments slashing budgets and people are worried the recovery has been choked off before it gets going but I think we are at a crossing point,” adds Falle. He sees opp...