The S&P 500’s record-breaking start to the year was followed last week by the Stoxx Europe 600, which hit an all-time high and surpassed its previous peak in January 2022. Stock watchers are used to European equities being pipped to milestones by fast-growing American indices. Between 2009 and 2023, cumulative S&P 500 gains were five times those of the Euro Stoxx 50, a eurozone blue-chip index, in local currency terms. Businesses still dream of listing in New York, not Paris or Amsterdam. US stock markets are deeper and more liquid, investors tend to be less risk averse, and regulation is less onerous.
标普500指数(S&P 500)今年年初创纪录的开局之后，斯托克欧洲600指数(Stoxx Europe 600)上周也创下历史新高，并超过了2022年1月的前峰值。股市观察者习惯于欧洲股市被快速增长的美国指数超越的情况。在2009年至2023年期间，标普500指数的累计涨幅是欧洲斯托克50指数(Euro Stoxx 50)的五倍，以本地货币计算。企业仍然梦想在纽约上市，而不是巴黎或阿姆斯特丹。美国股市更加深入、流动性更好，投资者更不害怕风险，监管也不那么繁重。