European Stocks Are Attractive Based on CAPE Ratio
European equities are attractive now relative to Asia-Pacific excluding Japan and US equities based on cyclically-adjusted P/E ratio. As the chart below shows the ratio is at 2009 levels for European stocks. Click to enlarge Source: EuroView: Rotation, earnings recovery and a view from the US, Schroder’s According to the above report by Schroder’s, in the past stocks …
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