European Stock Rally Turns Local as Strong Euro Stings Exporters
European Stocks End the Week With a Loss
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European stock investors are starting to put their money where the euro is.
After years of currency weakness that boosted exporters amid unprecedented monetary stimulus, stocks reliant on the domestic economy are beginning to outperform. Strategists from firms including JPMorgan Chase & Co., BNP Paribas SA and Kepler Cheuvreux SA say the trend will pick up pace as the region’s growth improves and the euro strengthens against the dollar.