European stock markets dominate global rankings

In the ranks of the world’s 20 best-performing stock markets this year, every second index is European.

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Germany has surged 20% in euros and 34% in dollar terms.

(REUTERS)

It’s an achievement the region has managed only three times before and is a testament of revived investor confidence in Europe, where growth prospects have finally been improving. It also came as a surprise, as most strategists had predicted the year would bring meagre gains while the US economy was set to fuel superior performance on Wall Street.