Stick with European stocks

With Grexit averted for now, European stocks have bounced back from their recent slump.

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With Grexit averted for now, European stocks have bounced back from their recent slump. But the upswing should have further to go. The economic backdrop, monetary policy, and valuations all point to further gains. For starters, the economic recovery, while unspectacular, remains intact. GDP growth could reach 1.5% in 2015, says Ernst & Young. The European Commission's Economic Sentiment Indicator, a widely watched composite snapshotof the euro area, has reached afour-year high. Unemployment is ata three-year low.

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Andrew Van Sickle
Editor, MoneyWeek

Andrew is the editor of MoneyWeek magazine. He grew up in Vienna and studied at the University of St Andrews, where he gained a first-class MA in geography & international relations.

After graduating he began to contribute to the foreign page of The Week and soon afterwards joined MoneyWeek at its inception in October 2000. He helped Merryn Somerset Webb establish it as Britain’s best-selling financial magazine, contributing to every section of the publication and specialising in macroeconomics and stockmarkets, before going part-time.

His freelance projects have included a 2009 relaunch of The Pharma Letter, where he covered corporate news and political developments in the German pharmaceuticals market for two years, and a multiyear stint as deputy editor of the Barclays account at Redwood, a marketing agency.

Andrew has been editing MoneyWeek since 2018, and continues to specialise in investment and news in German-speaking countries owing to his fluent command of the language.