Salient to Investors:
Philip Dicken at Threadneedle Asset Mgmt said the lack of tapering was a real surprise and signals that if the Fed is worried about growth it will not taper, and that is another net positive for European equities, where life is getting incrementally better. Dicken said whereas the news was always getting worse, now it is getting a little better, and that sort of turning point makes a critical difference to equities.
The Stoxx Europe 600 Index is up 12 percent in 2013.
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