Europe’s stock markets have beaten Wall Street by the biggest margin in more than three decades over recent months as its economy looks set to dodge a recession many thought inevitable just a few weeks ago.
Since late September, European market benchmarks have risen by 20 percentage points more than Wall Street — the largest outperformance seen in a four-month period in the past 30 years.
Though over the past two weeks Europe’s stocks have posted slightly smaller gains than US equities, this has done “little to erode their outperformance since September,” Graham Secker, chief European equity strategist at Morgan Stanley, told CNN.
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