PARIS, April 2 (Reuters) - European stocks' valuation ratios are set to reach those of Wall Street shares for the first time since 2002 following a stellar first-quarter rally, raising concerns about overheating in European markets.
The broad STOXX Europe 600 index trades at 16.4 times earnings expected in the next 12 months, their highest price-to-earnings level in 11 years, while the S&P 500 trades at 16.8 times earnings.
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