The news agency "Bloomberg" reported in a report today that in 2019, which is nearing its end, it was fantastic for European stocks.
According to "German", the European stock index "Stokes 600" (Eurostox 600) is expected to achieve annual gains of 24 percent, which is much more than just recovery from sales in 2018, and the index is close to ending the year near the degree of rise record.
The "Eurostox 600" index reflects the evolution of the share prices of 600 large, medium and small companies, which represent about 90 percent of the stock market value in 17 European countries.
At the level of corporate stocks, the index witnessed a doubling of the shares of 13 companies, while the share of "Tiolo Oil" global recorded the worst performance over the year and incurred a loss of 64%.
The shares of "Altis Europe NV" for communications and media, owned by billionaire Patrick Drahi, the largest rise in the European index, reached 238 percent during 2019.
Jeffrey Taylor, head of European equity management at the US investment management firm Invesco Limited, says changes in stock prices on the Euro Stoxx 600 during 2019 were not all driven by new news.
"At the equity level, there are many examples of superior performance as a result of reclassification rather than just the underlying ingredients," Taylor wrote in a note to company clients reported by Bloomberg.
He explained that during 2020 he will continue to focus on value, more than growth.
He said, "We see an interesting mix of loose monetary policy and supportive financial trends. For us, that seems favorable for economic growth, but it is not conducive to equity value growth."
