Originally published November 14, 2019
By Nicholas Davidson
European stocks have outperformed the US equity markets in recent months, after several years of underperformance. Is this the start of a longer trend? It's too soon to say, but some unfolding developments could signal a reversal of fortune for a long-unloved asset class.
The MSCI Europe Index has gained 4.7% (in euro terms) from September 1 through October 31, versus the S&P 500 Index's 4.0% (in US-dollar terms). So far, the outperformance has been modest, and it could quickly reverse. But macroeconomic signals, regional earnings drivers