Europe's directors are wary too

Pan-European directors aren't exactly confident - buying fell to a two-year low in the 50 days to 12 May.

We noted recently that US corporate insiders were selling out of stocks in droves. Now it seems that their European counterparts, while not heading for the exits, either.

Deutsche Bank says pan-European directors' buying fell to a two-year low in the 50 days to 12 May, suggesting that those with "the best information have preferred to sit on their hands".

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