Dax Outperformance vs SX5E good trade?

JEBUMP

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YTD the Dax index has outperformed the SX5E index, 17.5% vs 10%. If you look at the ratio of the SX5E/Dax currently trading on it's lows.

It seems a good opportunity to buy SX5E sell Dax?

But I want to understand fully what the catalyst on the Dax was for the outperformance, I assume its related to all the fun with Europe/Greece and the constituents of each index but I am not 100% sure.

Any help appreciated.

Thanks
 
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