In the beginning of the next month European interest rates are expected to rise however investors are not seemed to be scared of that at all. High probability of that rate increase was already very well communicated by European central banks and therefore majority of investors already took it in consideration (i.e. updated their valuation models).

On another note Japan’s come back and Nikkei’s seven-years high give us very positive signals about the state of global economy. According to the data from Treasury department in December US-based investors bought $4.6 billion more of Japanese stocks than Japanese investors put into U.S. stocks. The same is true for European stock markets where money flow “disbalance” is at $11.8 billion.

Even though we are not big fans of Motley Fools we can not agree more with them – “Follow the money”.

Target: I Fund / Short-term: Positive / Long-term: Positive