FYI: U.S. investors are taking notice of European stocks, and they like what they see.
The victory by centrist Emmanuel Macron in France’s presidential election May 7, easily dispatching far-right euroskeptic Marine Le Pen, reassured many that the tide of antiestablishment sentiment sweeping across the U.K. and the U.S. last year has ebbed—at least for now. Indeed, many investors appeared to have come to that conclusion well before the votes were cast in France.
Improving earnings combined with subdued political risks saw European equities enjoy their largest weekly inflow on record last week, noted analysts at Bank of America Merrill Lynch, citing EPFR data.
Regards,
Ted
http://www.marketwatch.com/story/why-stock-markets-investors-are-finding-lamour-en-europe-2017-05-15/print
