(1) PER graph of Euro Stoxx 50 Index (SX5E:IND) starting only from 1 Jan 2004

(2) the same as (1) above for Nikkei 225 Index

(3) the same as (1) for FBMKLCI Index but starting only from 1 Jan 2000.

“The starting dates are because the graphs show very strange shapes before the dates.”

Eoin Treacy's view Thank you for these suggestions which reflect the continuing theme of valuation contraction evident in a number of markets but particularly in Europe.