Daily Snapshot

Daily Snapshot – 11 July 2023

In a sign of the sad state of affairs in European Equities, the EuroStoxx 50 only needed to close up 102bps to be the best up day in 6 weeks. It didn’t manage it though it did tease us for a while with the Euro Stoxx 50 and Stoxx 600 closing +70bps on the day but to think the largest 50 stocks in Europe haven’t managed to combine for a >1% up day in 6 weeks is slightly depressing. Let’s forgive the market a little, it is the middle of summer, school holidays, peak summer sport season and Q2 ear…

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