2015 started with an eventful January. The continued decline of the Euro versus the US Dollar had a major impact on the stock markets around the world.

During January, the German DAX gained 9.1% and the S&P 500 lost 3.1%.
However, this is before taking into account the impact of currency price developments.

Measured in Euros, the German DAX gained 9.1% during January. However, measured in US Dollars the DAX only gained 1.7% during January.

Measured in US Dollars the S&P 500 lost 3.1% during the month. However, measured in Euros, the S&P 500 gained 3.9%.

Stock Market Profits in Dollars and Euros

European investors gained during January, regardless if they invested at home or in the US markets.