Salient to Investors:
Cyril Castelli at Rcube SAS says the decline is just a correction presents a buying opportunity: valuations are attractive, it is a much better liquidity environment and there is potentially a large run-up in euro-zone equities.
The Stoxx 600 is at 13.6 times estimated earnings, the highest since January 2010. The weighted-average dividend in the Stoxx 600 as a percent of share prices exceeds the yield on benchmark German bunds by more than 2 percent.
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