Dusseldorf The almost familiar picture continues in the third trading week of the new year: Europe’s stocks are doing better than American stocks. If the Dow Jones and the technology exchange Nasdaq fall sharply in the last few hours of trading, when Europe’s markets have already closed, as they did recently with a minus of around two percent on Wednesday, then there will be no crash in Europe the next day.
The stronger plus on good days and the smaller minus on weaker days leads to an unusual outperformance: the European Stoxx 600 has gained 15 percent in the past three months, its American counterpart, the S&P 500, only half as much. In the same period, the Dax managed an increase of 18 percent, the Dow Jones only ten percent.
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