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Article: European Stocks Fall Slightly as Rally Begins to Cool.
- Article from:
- Mena Report
- Article date:
- May 11, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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European markets started the week off slightly lower as optimism begins to fade. Equities have rallied significantly since early March and closed with year-to-date gains in the past week.Europe Session Key Developments • Basic Materials Fall on Demand Prospects • Optimism Begins to Wane on Valuation European Stocks Fall Slightly as Rally Begins to Cool European markets started the week off slightly lower as optimism begins to fade. Equities have rallied significantly since early March and closed with year-to-date gains in the past week. The strength has largely been on the back of improvements in the financial sector and declines in the spreads of LIBOR-OIS and ...
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... ... the only game in town these days. European stocks are on a roll, too. Through mid ... cheaper in Europe than in the U.S. European stocks sell for about 3.4 times book value ... price-earnings ratios are similar, European stocks sell at I I times cash earnings ...
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