Europe Presents U.S. Investors More Value, Says Choukeir
The euro headed for its biggest monthly decline against the dollar since May amid speculation the European Central Bank will extend its asset-purchase program as the Federal Reserve prepares to raise interest rates. Europe’s shared currency weakened versus most of its 16 major peers this month. A global selloff in government bonds has pushed up yields, unlocking about $635 billion of debt available for purchase via the ECB’s quantitative-easing plan. Kleinwort Benson Bank CIO Mouhammed Choukeir discusses the outlook for banks and European investing with Guy Johnson in London and Caroline Hyde in Berlin on "Bloomberg Markets: European Open."