Sentiment Shattered Even as Europe Stocks Erase Brexit Loss
- Stoxx 600 recoups losses caused by U.K. vote to leave EU
- Investors underweight area’s shares for 1st time in 3 years
What European Earnings Season Signals for Investors
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European stocks may have bounced back from Britain’s vote to leave the European Union. You can’t say the same for investor sentiment.
The Stoxx Europe 600 Index needed seven weeks to recover after the Brexit referendum result that triggered its biggest slump since 2008, much longer than shares in the U.S., Asia and even the U.K. But even as that wound heals, evidence of the trauma lingers in options, volume and fund flows. The gauge slipped 0.2 percent on Friday.