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Deutsche Bank WM: European equities to underperform the US?

Deutsche Bank Wealth Management says that the strengthening of the euro has put downward pressure on European equities, which need a “trigger” to move significantly higher. “Reduced European political risk has benefited the EUR but not European equities,” the bank said in its latest investment note. “The latter have lagged attractive valuations.” The P/B ratio of the S&P 500 Index…

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