European Stocks Draw $2.44 Billion as STOXX 600 Nears Record High
Updated
Updated · Yahoo Finance · Aug 21
European Stocks Draw $2.44 Billion as STOXX 600 Nears Record High
2 articles · Updated · Yahoo Finance · Aug 21
Summary
$2.44 billion flowed into European equities in the week to Aug. 12, the biggest inflow since late February, as the STOXX 600 traded near record highs.
Investors have turned back to Europe because its economy has weathered the Iran war better than feared, while clearer ECB policy signals and limited AI exposure reduced volatility.
The rebound has been reinforced by data and profits: Citi's European economic surprise index hit a more than three-year high, and STOXX 600 companies are expected to post 24.1% second-quarter earnings growth.
European shares are up about 10% this year, still trailing the S&P 500 and MSCI World at roughly 13%, but avoiding the sharper swings seen in more tech-heavy markets such as South Korea.