European equities are trading at their biggest discount rate to US stocks since the early 1990s, challenging investor sentiment favouring US over euro stocks, BNP Paribas analysts say.
Cycle adjusted price-to-earnings ratio price for European equities are now below 0.75, getting close to the 30-year low of 0.7 seen in 1992, and a drastic fall from the P/E ratio of more than 1.0 s...
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