Alan Kohler – Europe

By Alan Kohler | More Articles by Alan Kohler

I’ve been on about this for a while on, 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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About Alan Kohler

As well as being the founder of The Constant Investor, Alan is currently business editor at large of The Australian, finance presenter on ABC news, presenter of the Talking Business channel on Qantas inflight radio and adjunct professor in the business faculty of Victoria University.

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