Even For Tech, Europe Is The Place To Be Right Now

By Henry Ren and Michael Msika, Bloomberg Market Live analysts and reporters

Europe’s outperformance over the US has taken a surprising turn this year, with technology stocks in the driving seat.  

Tech is the second-best performing Stoxx 600 sector in January, up 10%, and only behind basic resources. That’s a sharp contrast to the S&P 500 Information Technology Index, which is little changed.