Stick with Europe and Japan

With Wall Street looking overhyped and overpriced, which regions in the developed world still look promising? Step forward continental Europe, which last hit a record high in 2015 and has some catching up to do. The single currency area’s economy “has come back from the brink”, says David Smith in The Sunday Times. Growth is at its strongest for six years, according to the latest business surveys. Unemployment has fallen to 9.6%, a seven-and-a-half-year low, compared with a peak of 12.1% in 2013. Overall inflation has risen to 2%, “a long way from deflation”, so the [...]

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