(Bloomberg) -- European stocks are less dependent on
increasingly risky credit markets and still have room to gain
because of low share prices and ongoing earnings growth,
according to Lehman Brothers Holdings Inc.
The risk of owning European corporate bonds has climbed in
recent weeks on concern that defaults in the U.S. subprime
mortgage market may increase. Even so, stocks, which tend to
react negatively to a rise in so-called credit spreads, have
advanced in the region, Lehman said.
Read more at Bloomberg Stocks News
increasingly risky credit markets and still have room to gain
because of low share prices and ongoing earnings growth,
according to Lehman Brothers Holdings Inc.
The risk of owning European corporate bonds has climbed in
recent weeks on concern that defaults in the U.S. subprime
mortgage market may increase. Even so, stocks, which tend to
react negatively to a rise in so-called credit spreads, have
advanced in the region, Lehman said.
Read more at Bloomberg Stocks News
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