The European economy is steadily improving, supported by a wide range of indicators, which may lead to above average growth for the remainder of the year and into the next. Eurozone growth has accelerated, with growth and business indicators showing positive results.
Since their own financial crisis, Europe has enacted a number of structural reforms that may finally translate to improved earnings. Market observers project earnings per share growth for European stocks to remain strong and build upon the success over the first two quarters of the year.
“Perhaps the current bull market in foreign stocks will help nudge U.S. investors in the international direction. Many of these markets have seen positive performance throughout 2017. Flows into non-U.S. exchange traded funds (ETFs) have followed suit. Unusually, that growth is occurring across countries and regions,” according to BlackRock.
For more information on the ETF market, visit our ETF performance reports category.