European stocks are seeing outsized moves as hedge funds drive trading

 European companies are seeing outsized gains and losses in their shares when they report earnings, a Reuters analysis shows, a trend that has more to do with the growing sway of fast money in the $15 trillion market than with business prospects.

Take the top 60 companies in Europe’s broad STOXX 600 Index (.STOXX), opens new tab: when they reported earnings over the past year, their average daily stock moves were 18% higher than eight years ago, the analysis of more than 120,000 days of share price data from LSEG shows..

Source: REUTER