European markets are approaching 4 1/2 year highs as stocks remain fairly valued and optimism stays positive. The strength in earnings and an increase in mergers and acquisitions are two main reasons for the continued uptrend.
Today streetTracks Dow Jones Euro STOXX 50 (FEZ), iShares S&P Europe 350 (IEV), iShares MSCI EMU Index (EZU) hit new highs. In addition some single country ETFs also hit new highs – iShares MSCI France (EWQ), iShares MSCI Italy (EWI), iShares MSCI Switzerland (EWL) and iShares MSCI Sweden (EWD).
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.