PRESS ROOM
European equities are in the lead so far in local currency terms
Thursday 08th April '21
After facing significant headwinds last year, European equities have bounced back strongly this year and are, so far, ahead of their US counterparts. As of 07 April, the Euro Stoxx 50 Index is up just over 11% (in EUR terms), while the S&P 500 Index is up just under 9% (in USD terms) year to date. When considering the effect of currency, US equities hold a slight advantage given the US dollar has recovered slightly in recent weeks after depreciating considerably since the second half of last year.