Beyond Bulls & Bears

Why We See European Equities as a Catch-Up Opportunity
Equity

Why We See European Equities as a Catch-Up Opportunity

Equity markets seem to have calmed after the short, sharp volatility some political upheaval in Italy and Spain provoked last month. Templeton Global Equity Group's Dylan Ball considers the situation in Europe and where he sees value.

A Big World for European Small- and Mid-Cap Stocks
Equity

A Big World for European Small- and Mid-Cap Stocks

“In a potentially more uncertain market environment characterised by higher volatility and rising interest rates, we believe that in-depth stock analysis can uncover overlooked or unfairly punished European small-cap investments.” - Ed Lugo, Franklin Equity Group

Earnings Growth Underpins Our Solid Outlook for European Equities
Equity

Earnings Growth Underpins Our Solid Outlook for European Equities

Some investors seem to be questioning whether there’s still room for additional growth in European equities, particularly if interest rates start to rise. However, Templeton Global Equity Group’s Dylan Ball suggests labour reforms across the continent should give many firms the operating leverage they need to drive further earnings growth during 2018.

Why Macron’s Reform Agenda Is Boosting Business Optimism
Equity

Why Macron’s Reform Agenda Is Boosting Business Optimism

“We see signs that France’s economy is starting to improve under President Emmanuel Macron. France is enjoying its best streak of economic growth in more than six years. And, French companies are hiring at the fastest pace in almost 17 years." – Katrina Dudley, portfolio manager, Franklin Mutual Series

Prospect of Snap Election in Italy Spooks Equity Markets
Equity

Prospect of Snap Election in Italy Spooks Equity Markets

"Assuming Italy will vote in 2017 and gain a stable coalition, all three major euroland countries will have newly elected governments. Hopefully, they can all work together for the next three to four years on EU reform following the United Kingdom’s exit. We think this could give financial markets long hoped-for political stability, the chance to mend the European project and reinvigorate growth.” Robert Mazzuoli, portfolio manager, Franklin Local Asset Management, European Equities.

Is There Scope For Optimism in Europe in 2017?
Equity

Is There Scope For Optimism in Europe in 2017?

We are confident that we could see a decent earnings recovery in sectors whose earnings have been depressed for a couple of years (financials, energy), while cyclical sectors overall should likely benefit from a stronger economy overall.