European Stocks Slip Back after Five-Year High

European Stocks Slip Back after Five-Year High (Bloomberg)

Mixed economic signals worldwide brought European stocks down from a five-year high yesterday. While German investor sentiment rose for the fourth straight quarter, the positive news was offset by Market News International’s report that China will adopt a market-based floating exchange rate.  That move, combined with Fed Chairman Bernanke’s expected announcement that the U.S. economy isn’t strong enough yet to cut stimulus, worked to pull back stocks internationally.  With all of these conflicting economic messages, many investors have remained on the sidelines. The question is, what’s it going to take to get them back in the game?

Wayne Ellis

Wayne Ellis has been involved in the financial publishing industry for more than 15 years. During that time, he has helped to edit, to market and to launch products and services for Ernst & Young, LLC, Fidelity Investments, Agora, LLC, and Eagle Financial Publications. He currently puts his broad-based experience and industry expertise to use as a contributing writer for Eagle Financial Publications. He also is a graduate of Arizona State University.

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