Bank of America Remains Bearish on European Equities Despite Economic Recovery, Friday Report

According to Bank of America analysts, despite European economic recovery, growth acceleration is unlikely to significantly boost regional stocks, according to a report released Friday. While German fiscal stimulus is taking effect and the eurozone is expected to see a rebound in domestic demand by year-end, with inflation easing and the European Central Bank adopting a less hawkish stance, analysts maintained their cautious outlook on equity valuations.
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