Global Stock Leaderboards Are Ruled by Europe in Rare Dominance

The Euronext NV stock exchange in the La Defense business district of Paris.

Photographer: Nathan Laine/Bloomberg

In the ranks of the world’s 20 best-performing stock markets this year, every second index is European.

It’s an achievement the region has managed only three times before and is a testament of revived investor confidence in Europe, where growth prospects have finally been improving. It also came as a surprise, as most strategists had predicted the year would bring meager gains while the US economy was set to fuel superior performance on Wall Street.