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.
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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