Salient to Investors:

The Stoxx 600 is at 12.3 times estimated earnings, its highest multiple since December 2010.

Peter Garnry at Saxo Bank A/S said the divergence in the purchasing managers’ index figures between France and Germany shows that Europe is diverging into an A and a B team, with France joining the B team with Italy and Spain.

Read the full article at http://www.bloomberg.com/news/2012-09-21/european-stocks-are-little-changed-this-week.html

On September 21, 2012   /   Europe Economy, Europe Stocks, France Economy, Germany Economy, Spain Economy