Markets in Eastern Europe and in the Middle East are the winners today, but the trend remains bearish

In spite of the gains in the last three days, European stock markets remain in a downtrend. For example, the strongest performing fund in the region today, the Fidelity Emerging Europe and Middle East fund, showed an impressive gain, but clearly has not entered into a bullish phase yet.

The Fidelity Emerging Europe, Middle East fund (FEMEX, change: 4.53%) is still in downtrend

The Fidelity Emerging Europe, Middle East fund (FEMEX, change: 4.53%) is still in downtrend

Mutual fund screens are provided by FidelitySignal.com

 

 

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