Global Investors Pull Money From European Stocks, Says UBS

Global investors have been selling in the Eurozone, notes UBS, as it wonders how far through the correction process markets have traveled. The Swiss-based investment bank noted that not only are UBS client flows shedding European stocks, but also U.S. Treasury data reveals U.S. based investors unloaded $14.3 billion in June, which was the biggest month of selling since June, according to the bank’s latest prime brokerage report. European Stock: How far will the correction go? “How far will the correction go?” UBS asks, noting that the European market is down 8 percent from its September peak and near the…