Economics
Germany at Highest Value Prompts Sellers as Europe Mends
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America’s appetite for German stocks is cooling as Europe’s biggest economy shows signs of weakening and its equities hover near record levels.
Traders have pulled almost $817 million in the past six weeks from a U.S. exchange-traded fund holding German companies, while investing $270 million in an ETF of broader European equities, according to data compiled by Bloomberg. The German benchmark DAX Index rose to a record this month, nearing its highest valuation since 2009. It climbed 0.2 percent today.