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Investors escaping European weakness - BBH

FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman figures that continued weakness in European data could further substantiate the asset rotation theory in global assets.

Key Quotes:

"I.e. away from the euro zone and towards the US and Emerging Markets. Anecdotal evidence suggests that this is one reason behind the underperformance of European stocks."

"Euro Stoxx 50, for example, is down 5.0% over the last three months, while the S&P 500 is up 2.1% and over 5.0% for the MSCI EM index. Moreover, expectations for a stronger dollar provide further impetus to this asset price rotation, just as much as the rotation reinforces the stronger dollar trend."

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