WSJ European stocks have roared back to life, boosted by signs of slowing inflation, falling energy prices and optimism surrounding China’s reopening.
Often considered laggards on the global markets stage, stock indexes across the European region in recent months have outperformed. Germany’s DAX index and France’s CAC 40 have each risen 18% or more in the past three months through Tuesday, more than double the 8.5% gain for the S&P 500. The U.K.’s benchmark FTSE 100 has also surged, putting it a little more than 2% away from reaching a record high.
The turnabout underscores how drastically economic expectations have shifted regarding Europe—which only months ago was engulfed by anxieties over the war in Ukraine, a possible energy crisis and record-high inflation. Those issues haven’t gone away completely, though investors have felt more comfortable continuing to wade back into investing on the continent…
We need your help to keep Caravan to Midnight going,
please consider donating to help keep independent media independent.
