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.
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