Europe’s stock markets showed the US that you can break records and still get a solid eight hours of sleep at night.
What does this mean?
Europe has a reputation for taking life slow, swapping overtime for siestas and energy drinks for cortados. Well, it seems a well-rested region is a force to be reckoned with: European stocks have trudged through months of heady inflation – which kicked economies in the shins and made it tough for folk to put focaccia on the table – and come out the other side in fine form. The DAX index, which tracks the 40 biggest German stocks, notched a new record high on Tuesday. That’s a big deal: Germany is usually Europe’s go-getter, so the country finding its balance again bodes well for the region as a whole. French stocks started closing in on their highest points too, while Italian indexes did their best since before the 2008 financial crisis. La dolce vita, indeed.
JPMorgan European Discovery Trust plc (LON:JEDT) is an investment trust company. The Investment Trust JEDT objective is to achieve capital growth from a portfolio of quoted smaller companies in Europe, excluding the United Kingdom.
