European equities have long been one of the ugly sisters to the Cinderella that is US stocks. Underperforming their American counterparts for years, European stocks have not enjoyed the more positive economic momentum that has underpinned growth over the pond. But could the European story at last have a happy ending?
Summary
A litany of woes has led European stocks to underperform the US for years
Higher spending power and lower rates bode well for European consumers
Europe has some great stock market champions at attractive valuations