Financials Drive European Outperformance

One of the stories of 2011 has been the outperformance of European stocks over U.S. stocks, with the EuroStoxx 50 up over +7% in comparison to the U.S. which is only +3.5% higher. The financial sector has been one of the main drivers over this decoupling, with the European Financials Sector index having gained over +8% on the US Financials Sector.