NEW YORK: After Wall Street’s biggest weekly decline since June and the worst week this year for the Dow average, investors will be searching for a rebound. But the best gains may not be at home as investors take notice of an improved outlook in Europe.
Fund managers have started to shift to eurozone equities after a series of economic indicators showed the region finally emerging from recession. The region outperformed US stocks in recent weeks, ending 0.2% higher last week while Wall Street underwent a 2% loss.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!