“Germany’s biggest bank” has become the latest to trumpet the appeal of UK stocks, says John-Paul Ford Rojas in This is Money. Deutsche Bank notes that the FTSE 100 has put in a “remarkable performance” of late, with the blue-chip index outperforming the eurozone’s Stoxx 50 by 10% since the beginning of April. The London market has endured a “grim period”, with “bombed-out valuations” prompting big names to flee to foreign exchanges.
But at a time of political uncertainty in the US, France and Germany, Britain boasts newfound safe-haven appeal. The UK has become Wall Street’s favourite European market, says Eleanor Butler for Euronews. A net 30% of global fund managers told a Bank of America survey they plan to take “overweight” positions in UK equities, up from “less than 10%” in July. Swiss equities are in second place, with Germany Europe’s least popular market.
