European markets have hit a one-month high, shaking off the Brexit-induced volatility and now focusing on improved earnings.
“The good earnings are driving us further,” Michael Woischneck, a manager at Lampe Asset Management, told Bloomberg. “Apart from banks, European companies in the Brexit quarter seem to be doing well and that should calm things down.”
Additionally, the Deutsche X-trackers MSCI Japan Hedged Equity ETF (NYSEArca: DBJP) takes the currency-hedged exposure of Japanese equities.
Related: Currency-Hedged ETFs to Capitalize on Increased Japanese Stimulus
Japanese Prime Minister Shinzo Abe announced an additional stimulus package to support the economy, which sent the yen lower and supported market gains, with currency-hedged Japan ETFs leading the charge.
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