European retailers rise on glimmers of stabilization
World BusinessJan 16, 2012
European consumer-discretionary companies such as Marks & Spencer Group Plc are outperforming consumer-staple businesses including Nestle SA, indicating investors’ forecasts for the region’s economy were too pessimistic. Investors have pushed shares of the discretionary group higher in recent weeks as concerns about another prolonged recession have moderated, according to Robert Griffiths, a London-based pan-European equity strategist at Royal Bank of Scotland Group Plc. These stocks historicall