“We believe the earnings recovery in Europe is well underpinned. The recent Europe earnings season was the best we have had for five years and the European portion of earnings within European companies is highly encouraging,” he said.
Longer term view
Nigel Green chief executive of the deVere Group, one of the world’s largest independent financial advisors, said he expected the current volatility was likely to remain with us, at least until the end of the year.
“For most long term investors, fears of a near-term financial apocalypse are overdone. They should concentrate instead on investing for the longer-term and ensuring that their portfolios are well diversified –geographically and by different asset classes.
“This of course includes maintaining a healthy exposure towards equities, which financial history shows easily outperform bonds and cash over the type of long investment periods that are typical of our clients.”
