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Posted by
Two Blokes Wed at 5:15 AM -
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Stock
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I am upgrading my rating on VGK as Europe enters a phase of both monetary and fiscal expansion, which could support equity markets. At the center of my focus: ECB rate cuts and Germany's easing of fiscal rules inject much-needed liquidity. Since inflation is under control, this kind of stimulus has historically been viewed positively by the market, as it fuels forward EPS expectations and reduces valuation multiples.
