- European equities rallied all month long; the S&P Europe 350® rose in five weeks out of five to finish January with a gain of 6%, the best monthly total return for the benchmark since October 2015. Every country contributed positively in January, as equities picked up gains at month end thanks to a dovish surprise from the U.S. Federal Reserve.
- It wasn’t all good news, however; the IMF blamed softening demand in Europe for a worsening global outlook, while data showed Germany at risk of falling into a recession and Italy officially entering one.
- U.K. stocks gained 4% this month. Politicians on both sides of the U.K. Parliament struggled to agree on what they wanted from Brexit negotiations, only to align on a compromise that the E.U. says they can't have.
FTSE Mondo Visione Exchanges Index: 97,194.03 +1,716.99
S&P Dow Jones Indices: Europe Dashboard
Date 31/01/2019