International investors lose appetite for Euro stocks

The amount of international investors who feel the ECB will not undertake a round of quantitative easing to stimulate the eurozone economy, until next year at the earliest, has shot up 10% in the past month.

According to the latest fund manager survey from Bank of America Merrill Lynch, 25% of global investors don’t anticipate ECB quantitative easing measures until 2015, up from 15% in June. Only 12% of respondents said they expect Frankfurt to begin quantitative easing measures before the end of September.

“Regional investors now see global re-acceleration as the likeliest source of eurozone growth; 33% of respondents point to this driver after a rise of eight percentage points month- on-month. It has overtaken a renewed stimulus programme as the panel’s primary driver of regional recovery,” Bank of America said.