Category: Stock Analysis

An Early Christmas Rally for European Stocks

After over 19 months of underperformance and losses, European stocks are closing the year with a sharp upside move.

The EURO STOXX® 50 Index, the benchmark for Eurozone equities, has gained 6.8% this month through Dec. 16, beating other major regions. The move equates to a monthly advance of 11.4%, a performance not seen in any calendar month since the global financial crisis ended. The STOXX® Europe 600 Index, the pan-European benchmark, has gained 5.3% in December.

Markets Flat in October as Banks Rise

Equity markets were stable over the month of October in euro terms as investors awaited the election of a new government and higher interest rates in the US. The STOXX® Global 1800 Index rose 0.6% for the month, while it posted a loss in dollar terms.