BitStil (reviewed here) is one of the monitoring programs listed in EN, which probably prefers to demonstrate its activity not only by self-updates, but also by informing its investors about world economic news.
Although this update has a more positive connotation and it touches on Europe, before we read this part of BitStil news i would like you to take into account that at the same time the US economy contracted at a 32.9% annual rate from April through June, its worst drop on record.
Has nothing to do with HYIPs? I think everything that happens in the world of finance strongly influences HYIPs. This is for sure what you, as an investor and they as HYIP administrators, should be aware of.
And now back to BitStil update:
Since late May, Europe’s stock market has recorded stronger gains than the S&P 500 index, after taking the strength of the euro into account.
European stocks have been unloved by investors for years. Now, as the euro soars, they offer an alternative to the S&P 500.At the end of June, the research arm of the world’s largest asset manager upgraded its view on European equities to overweight, from underweight, recommending that investors buy more of these stocks.Now, a crisis has turned into an unlikely investment opportunity as the region appears to have handled the pandemic better than some other parts of the world. In the past few months, European assets have staged a comeback.The euro rose to its highest level in more than two years against the U.S. dollar this week, and the region’s benchmark index, the Stoxx 600, is set for a second straight month of gains greater than those of the S&P 500 index, in dollar terms, according to data from FactSet.The most important reason for this upswing, analysts say, is that Europe is recording far fewer new cases of coronavirus.Join BitStil and bring your life quality to a whole new level!
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