Last week a Reuters poll of about 50 fund managers and strategists found that European stocks are expected to gain another 2% this year following quantitative easing by the ECB and depreciation in the euro. Italy came up especially bullish in the survey – its benchmark index is expected to notch up another 6% by the year-end, capping a gain of 9% already achieved in 2014 so far.
European stocks - Will the rising tide lift all boats similarly?
Indeed, reading between the lines . . .

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