Taking the spotlight off of the political situation in Europe has prompted investors to pay closer attention to the economic situation on the continent which has recently shown some reasons for cautious optimism.
European equity funds have recorded their biggest weekly inflow in over 13 months as March draws to a close, while U.S. equity fund flows head in the opposite direction, according to data from EPFR Global.
Similarly, the more conciliatory tone that accompanied the beginning of the Brexit process this week was instrumental in further dampening down political nerves.
These events both follow the crushing defeat of populist candidate Geert Wilders in the Netherlands` prime ministerial elections earlier this month.
"We see further upside potential throughout the year," said a note from the economists to clients on March 31.
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