Credit Suisse Finds European Markets Driven by Sentiment and Uncertainty Rather than Fundamentals

18.03.08 - 21:27 ... source : Crédit Suisse

... London, March 18, 2008 Credit Suisse's Head of European Equities for Asset Management, Cesar Perez, recently talked to clients about his outlook for European equities and the investment themes he is following in these difficult times for financial markets. He said, "We believe that valuations in European equities markets are attractive in both absolute and relative terms, and that companies in Europe remain in a very healthy position with generally low levels of gearing and strong balance sheets. However, credit markets need to stabilize or they could have an impact on the real economy. We believe that volatility is here to stay and it brings with it opportunity, although in such an environment, stockpicking is key. In the coming months we will be looking for opportunities to buy companies with good fundamentals and earnings visibility at very attractive prices."The sell-off ...» Next (HTML)