Europe traders remain bullish as they see a rebound on its way
They say signs that ECB's aggressive monetary easing is working will propel shares that have touched a two-month low this week
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IT'S turning out to be a painful month for stock investors bracing for a Federal Reserve lift-off just as concerns over global growth intensify. But traders in Europe remain bullish, betting a rebound is on its way.
While history shows the region's shares have dropped in the weeks after a Fed interest-rate increase, losses have either eased or completely reversed in the three months following the central bank's move, data compiled by Bloomberg going back to 1987 shows. Now, even with European equities heading for their second-worst December on record, investors are sending the most money in three months to funds tracking them, according to a Bank of America Corp report.
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