European stock market and funds review – have we hit the interest rate peak?

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We take a look at an eventful summer in Europe, how the stock market's fared, and how our Wealth Shortlist funds have performed.

This article isn’t personal advice. If you’re not sure whether an investment is right for you please seek advice. If you choose to invest the value of your investment will rise and fall, so you could get back less than you put in.

28 September 2023

The summer holidays are a time where we all like to kick back and relax. However, this summer’s been anything but relaxing for Europe. We’ve seen record highs across the board from interest rates in the Eurozone to scorching temperatures and freak flooding.

Wildfires broke out in Italy, Greece and Portugal to name a few. In total, this cost the European Union (EU) a staggering €4.1 billion in damages.

Extreme climate conditions also hit tourism hard, which is an important industry in Europe. For some countries, it makes up as much as a fifth of all the money they make in a year.

Europe’s summertime sadness has been more than just weather-related though.

Germany, the EU’s economic powerhouse, is struggling.

German exports have dropped and it’s feeling the