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Monday, February 16, 2015

German Stocks Hit an All Time High

Finally catching up to the US...and the performance chasers are joining in.And the valuation is still more than 20% below the US.

via bloomberg

(Bloomberg) -- German growth did the trick, sending the DAX Index inching above 11,000 for the first time.

A report showed Europe’s largest economy accelerated twice as fast as predicted in the latest event to propel German stocks 12 percent higher this year, while an exchange-traded fund tracking the nation’s shares drew record funds. Among developed markets, only Finland has performed better....
Germany, Russia’s biggest trade partner after China, was among nations suffering the most last year after Russia’s annexation of Crimea triggered European and U.S. sanctions. Investors pulled $1.1 billion from the iShares MSCI Germany ETF in 2014 amid concern the conflict with Russia will burden exporters.....

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