European stocks outpace Wall Street since Trump took office

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Financial Times 2d ago

European stocks outpace Wall Street since Trump took office - Financial Times

Quick Summary:

Analysts at UBS last week upgraded their allocation to continental Europe to overweight, citing the tailwind of lower energy prices in the event of an end to the Russian invasion of Ukraine, looser fiscal policy and stronger corporate earnings.

On Thursday the Stoxx 500 was up 0.3 per cent.“The muscle memory for most investors is that European outperformance can be only for very short periods by small amounts,” said analysts at UBS.

The region’s stock markets fell on Wednesday after the US president said he was considering imposing 25 per cent tariffs on imports of cars, pharmaceuticals and chips.