Europe better outlook as against the US
The mood now for investors is upbeat as it searches for a rebound from the previous week's drubbing on Wall Street and the Dow Jones average. The best gains though are predicted to be obtained in Europe, as it had gained an improved outlook.
Many fund managers on capitalizing on the same, as they shift to the purchase of euro zone equities as a few economic indicators have indicated that Europe is picking itself up from a long period of recession. Compared to US stocks last week, Euro equities have been increasing in performance, gaining 0.2% higher compared to last week's Wall Street loss of 2%. For August, the returns for euro-zone equities are at 1.9% compared to losses of around 1.8% for the S&P 500 index.
The current landscape is quite different from the first six months of the year as the S&P 500 had earned 12.6% growth compared to just 1.6% growth for the pan-Europen FTSEurofirst 300 index.
According to Diane Garnick, CEO of Clear Alternatives, an asset management firm based out of New York, "The increase in volatility and uncertainty we've seen throughout the euro zone is finally coming to an end."