- Basket of American companies exposed to Europe up 23% in 2019
- IMF sharply downgrades its outlook for euro-area economies
The soft spot for the global economy is a source of strength for the U.S. stock market.
A basket of American companies with outsized exposure to Europe is up about 23 percent this year, outpacing the S&P 500 Index’s 15 percent advance and the 12 percent gain in European equities in dollar terms.
Luke Kawa | Bloomberg