European shares are performing very well. Today's spotlight is on Germany. Germany is up 11% YTD and over 20% in one year. Germany is experiencing an export led boom, similar to what many G6 countries are experiencing on the export side - feeding the insatiable appetite of emerging countries. The business climate index published this week for April is just off the record high established in December '06 for Germany. There is no slowdown in Germany. In fact, part of the reason you read and hear about the ECB raising rates. Interestingly enough, the G6 PE ratio is 14.6, well off its record high of 28 in January 2000! An easy way to trade Germany is through the iShares Germany ETF, symbol = EWG. Check out that beautiful looking chart!
Btw, the nations in the G6 per wikipedia are: France, Germany, United States, Japan, United Kingdom, and Italy.
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