Eurozone

Comment by Janet Mui

Long-term risks

Global equities have delivered ample volatility, but very little return for investors so far this year.

Exporters to perform well

Five 'radical' changes

Political concerns remain

Headwind from euro strength should abate

Kept rates unchanged

Asymmetric risk for UK

European equity markets remain attractive to us. The combination of a solid macroeconomic backdrop outside the region and a strong recovery domestically has helped propel earnings higher.