Eurozone debt crisis crimps stock performance
- From: Vol 12, Issue 6 (June 2011)
- Category: Analysis
- Region: Europe
- Country: United Kingdom
- Related Companies: Energy Recovery Inc, Insituform, Mueller Water Products, Northumbian Water, Standard and Poor and Veolia
Water stocks had their worst month since May 2010, as the market digested the wider implications of the Eurozone debt crisis. The establishment of the Cambodian securities exchange on 11 July will be interesting to watch.
The GWI Global Water Index outperformed both the benchmark MSCI World Index and the Dow Jones this month, but still put in its worst performance since May 2010, falling by 4.7% as the growing Eurozone debt crisis took its toll on stocks across the board.
Northumbrian Water was one of the top performers this month, due in part to ...
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