I don't think many European investors are very keen to put their money in stocks at the present time.
Few factors that causing that:
- Euro is weakest to US$ , first time in the last 20 years
- inflation at 9-10%
and, Winter is coming;
- huge energy crisis which likely will lead to some sort of political disturbances.In the next few months it will cause either rising inflation or the beginning of a painful recession. If I was an European investor I would just wait the next 6 months and see how all the things play out before investing in the stock market, and it appears that investors are very cautious/conservative now.
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