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Quarter-End Insights

A Tepid 2Q for Europe

With a full-fledged economic recovery remaining distant, European stocks turned in a mixed performance.

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European stock markets had a lackluster second quarter, turning in a mixed performance. Perhaps the single-most important factor that affected equities worldwide during the period was the fresh dose of monetary easing (and succeeding worries over U.S. monetary tightening) adopted by central banks in the major currency regions: the U.S., Europe, and Japan.

The quarter began on a mixed note, as European stock markets initially rose in April after Germany's Parliament approved an international bailout package for Cyprus and as Moody's retained Germany's top sovereign rating, citing its highly competitive economy and investor confidence.

Rouhan Sharma does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.