Fundamentals, not fears, are focus for European investors
The pan-European FTSEurofirst 300 has continued to tear ahead and has now notched up 10 consecutive weeks of gains. Even the British benchmark FTSE 100 has not lost ground since July 7, despite a drumbeat of security worries in London and signs that the economy is cooling. While not dismissing the risks to assets and economic growth from deadly attacks -- nor the personal tragedies involved -- analysts say markets tend to be focusing on macro- and micro- economic matters. "Obviously the market cannot afford to totally ignore the terror issue, and it won't," said Audrey Childe-Freeman, senior economist at CIBC World Markets. "But the market has quickly learned to live with the ... terror concern. "It is becoming less and less of a market mover. We are looking at fundamentals that drive the markets."
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