Jul
10
The Europe Stock Valuation Metric JPMorgan Says Flashes Buy
ByGetting hung up on Brexit will cause you to miss out on a European stock market that has gotten too cheap to resist.
That’s the message from JPMorgan Asset Management, which says valuations on the MSCI Europe ex-UK Index and the FTSE All-Share Index look attractive when their price-earnings ratios are adjusted for inflation over the past 10 years. Viewed like that, equities are a buy, with multiples below their long-term averages, said Stephen Macklow-Smith, head of European equity strategy at the $1.7 trillion asset manager…
The Europe Stock Valuation Metric JPMorgan Says Flashes Buy
