Low oil prices, a weak Euro and low interest rates due to quantitative easing will push European stocks higher, said Philippe Brugere-Trelat, portfolio manager for the Franklin Mutual Series. Brugere-Trelat added that Greece will most likely stay in the European Union, which is an additional source of optimism. He said Portugal is the next weakest link, yet he does not expect them to exit the Eurozone either. As for risks, Brugere-Trelat is most concerned about the Ukraine crisis spiraling out of control. He said the need for normalization in that conflict is of the utmost importance.
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