A leading European stock index has barely budged for 17 trading days in a row, breaking the previous streak set in 1993
In Europe, markets have hit their summer lull early—very early. As with markets in the U.S. and elsewhere, this very stability could be a dangerous thing for investors desperately hunting for returns.
One illustration of the quiet: The Stoxx Europe 600 index of leading European shares set a record for apparent investor apathy on Tuesday with the 17th consecutive trading session when its price has moved by less than 0.5%. The last longest streak of such little variation was 16 straight days ending in May 1993.
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