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Alan Kohler - Europe
BY ALAN KOHLER - 07/07/2017 | VIEW MORE ARTICLES BY ALAN KOHLER

I’ve been on about this for a while on theconstantinvestor.com, but the jury is now back: for the first time in living memory Europe’s economy is now the best performing big one in the world.

What’s more, the Australian dollar has fallen 5% versus the Euro this year while rising 5% against the weaker US dollar, which means Aussie companies that are exposed to Europe are getting a double tailwind – economic growth and currency translation benefit.

And with European politics becoming more stable while America’s gets messier and messier, Europe’s outperformance versus the rest is likely to keep going for a while.

Note that CSL, a big European business, has massively outperformed the ASX200 this year to date – +33% versus -1%.



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The Constant Investor is the new home of Alan Kohler, founder of Eureka Report and the ABC's finance presenter. Join to receive - Kohler's Weekly Overview, exclusive stock tips, investment ideas, podcasts and much more. Click here to learn more.



 

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