Europe Stocks Lose Lead Over U.S. in Worst Quarter Since '03
- Stoxx 600 down 7.7 percent this quarter amid fund withdrawals
- European index has been trading in tight range after rebound
European Stocks End the Day Higher
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The tables have turned on Europe’s stocks.
After beating U.S. equities last year by the most in a decade, now they’re trailing by the most since 2003. While the Standard & Poor’s 500 Index has managed to erase its annual drop in a little more than a month, the rebound in the Stoxx Europe 600 Index has done far less. The gauge completed a quarterly loss of 7.7 percent, with all but one of its industry groups in the red.