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Friday, July 24, 2015

DAMN THE TORPEDOES! European stocks just set an historic record

Greece may be on the verge of exiting the euro zone. Spain is a disaster. The UK may vote to leave the EU soon. And who knows what's going on in Italy. But investors didn't care this week. In fact, it was a record week for equities in the EU, according to a note from Bank of America Merril Lynch analyst Ioannis Angelakis and his team. There was a net inflow of $6 billion into Euro equities. All asset classes saw net positive cash inflows except government bonds, which saw a decline of under $1 billion. "Since the beginning of the month, European equities have seen inflows of over $10bn, which should make this the best summer of equity inflows on record," they write. Did you hear that? It's the best summer ever!   Join the conversation about this story » NOW WATCH: 6 mind-blowing facts about Greece's economy


READ THE ORIGINAL POST AT uk.businessinsider.com