New faith schools in England could soon allocate all their places on religious grounds 
US Supreme Court upended decades of precedent in 2022 by allowing voters to vote with gerrymandered maps instead of fixing the congressional districts first 
US drone warfare faces questions of legitimacy, study of military chaplains shows 
What early 2024 polls are revealing about voters of color and the GOP 
Why are algorithms called algorithms? A brief history of the Persian polymath you’ve likely never heard of 
Why you should expect to pay more tourist taxes – even though the evidence for them is unclear 
AI may be to blame for our failure to make contact with alien civilisations 
Divesting university endowments: Easier demanded than done 
Reducing energy demand and improving efficiency will help prevent the next gas crisis 
South Africa will be president of the G20 in 2025: two much-needed reforms it should drive 
Can science explain why couples break up? The mathematical anatomy of a fall 
While investors are exercising caution over US equity market as rate hike looms large, money is pouring into world equity market driven by optimism over European Central Bank (ECB) and Bank of Japan's (BOJ) monetary easing.
Both the central banks are easing at record pace, even if the pace is not raised any kind of tapering or scale back in purchase seems too far-fetched idea.
- According to Reuters's resources investors are overweight European and Japanese equities this year. Despite recent selloffs in the equity market, Eurostxx50 has returned 13.5% so far this year, while Japanese counterpart Nikkei225 has returned close to 17% so far compared to 1.5% by their American counterpart.
- While US equity market mutual funds are seeing massive with drawls so far this year, world market has seen not a single month of net withdrawal. After investors poured almost $45 billion to world equity till April 2015 from January, Investors poured another $15 billion in May.
As of now equity market is going through a phase of correction as probable FED rate hike dates close in. however, European equities still have long way to go, given their lower valuation compared to US counterparts.
ECB's stance along with weaker Euro creates the environment for recovery and Equities are most to gain from if recovery gathers pace pan Europe.
Eurostxx is currently trading at 3500, is likely to reach beyond 4200, however larger correction might take place as FED hikes rate.
