European stocks will not be able to keep up with American ones, and the main reason is because most liked by investors shares of IT-companies are traded on Wall Street, Bloomberg reports.

Such companies as Twitter Inc. and Netflix Inc. grew this year more than 80%. Such shares Europe lack, experts of Commerzbank AG in London think.

While S&P 500 index growth was about 2% this year, Stoxx Europe 600 so far lost more than 2%. However, if IT-stocks and shares of telecommunication services are excluded from S&P 500, the difference between indexes will decline significantly, and American index will show 0,6% fall.

It shall be noted that European IT-companies also represent leading sector this year, however, its share in the main European index is just 4,7% compared with 26% share of IT-companies in S&P 500.

Of course, there are other reasons for failure of European stocks compared with America counterparts. Political instability in Spain, Italy and Germany raises concerns among investors,

When euro started falling in the beginning of April, some analytics predicted stocks growth, since weakening currency shall support exporters. However, this theory fell apart, since investors focused on negative reasons instead, including threat of US tariffs.

From long-term perspective, European stock market does not win either. S&P 500 growth during last 10 years was about 120%, while it was only 34% for Stoxx 600. This year profitability of European shares is planned at 6,1%, and 8,6% next year. For American companies it will be 23% and 11% respectively.