LESS than a year ago most global investors looked at stagnant Europe, shuddered and passed by. Now European share prices are soaring (see chart 1). The euro area's top 50 blue-chips gained almost 18% in the first three months of the year. American mutual funds are yanking their money out of other assets to invest it in European stockmarkets. More cash may be heading the continent's way. In January a net 18% of the global fund managers regularly polled by Bank of America Merrill Lynch chose Europ...
LESS than a year ago most global investors looked at stagnant Europe, shuddered and passed by. Now European share prices are soaring (see chart 1). The euro area's top 50 blue-chips gained almost 18% in the first three months of the year. American mutual funds are yanking their money out of other assets to invest it in European stockmarkets. More cash may be heading the continent's way. In January a net 18% of the global fund managers regularly polled by Bank of America Merrill Lynch chose Europ...
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