Darius McDermott: Buying European companies and not Europe

At the start of the year, amid growing uncertainty as some of the leading economies slipped towards recession, I was one of the few who believed Europe still offered opportunities to investors. Fast forward six months and the MSCI Europe ex UK index has risen 12% over 2019, according to FE, and the likes of Germany appear to have dodged the recession bullet. Valuations of companies in Europe also appear to be slightly cheaper than others across the globe. That being so, the question is - am I as confident about Europe as I was six months ago? To which the answer is no. At the start of...