Business News

European goods published for the fourth month in a row

European stocks recorded their findings for the fourth consecutive month, as confidence in economic recovery is growing and its immunization program is accelerating.

Major MSCI revenues in Europe have risen by almost 4% since the end of April, bringing recent profits to 12% in US dollars. Bourses in Frankfurt, Paris, Madrid, Milan and London have all come up this month.

Although vaccinations in the EU have lagged far behind in some areas, efforts by major countries to support the spread have encouraged traders. Meanwhile, economists plan to boost the economy this year.

In a bid to signal a turnaround, a recent Economic Sentiment Indicator survey released by the European Commission on Friday showed confidence across the euro area in May is moving “beyond the long term and the epidemic”.

ESI data “has confirmed that the euro economy has grown rapidly since vaccines move and the summer season is approaching,” said Daniela Ordonez, an economist at Oxford Economics.

Money in Spain and Italy – two countries that have experienced a major crisis in the coronavirus crisis – has fared well this month. MSCI records in Spain and Italy rose about 6% in May in dollars. The rebates were pleased with the strengthening of the euro against the dollar this month.

Advertisers and economists alike have a similar view in the UK, where the release of the coronavirus vaccine has been much faster than on the European continent and the government has lifted many restrictions.

“We continue to believe that UK businesses provide benefits to investors around the world,” said Sharon Bell, a European expert at Goldman Sachs. “Since this year, we have seen significant revenue from foreign investors to UK stocks since 2016.”

The UK MSCI index gained 3.4% in May, an increase supported by a strong pound pound against the US dollar.

Money in the UK and the continent in Europe appear to be cheaper than Wall Street, which has made these markets look more attractive, say businessmen.

The list of MSCI European currencies sells about 17 times that expected next year, according to Goldman Sachs. This is the highest rate in the last 10 years, but much lower than US stocks that have traded nearly 23 times.

Advanced Price Bar Bar for the benefits that European markets are trading at a cheaper price than the US

Bank of America wrote last week that it remained “the best in European institutions” even after significant gains this month. The bank says customers take “overweight” positions in stocks that tend to be connected to the economy, such as banks and real estate agents, while the regional economy is doing well.

Monday’s sale was defeated, with the UK and US both closed on public holidays.

Source link

Related Articles

Leave a Reply

Back to top button