barjon
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OOI, how come many seem to prefer the DOW/FTSE relationship?
For example, FTSE, DAX is just as close at the moment.
DOW/FTSE has a correlation of 0.9 in January.
FTSE/DAX has a correlation of 0.93 in January.
I haven't bothered matching up eurostoxx yet but might be of interest.
Sidekicker
It's because I believe (fwiw) that the US markets are the major influence and lead the rest who follow the lead, sometimes with reluctance, sometimes with exuberance.