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Wall Street banks back UK stocks to outshine Europe under Trump tariffs

Financial Times LogoFinancial Times12h ago

Wall Street banks back UK stocks to outshine Europe under Trump tariffs - Financial Times

Quick Summary:

A relative lack of manufacturing firms that could be hit by tariffs should help British stocks relative to Germany’s export-heavy market, she said.

Despite the UK market’s perennial cheapness compared with the US — it currently trades at 50 per cent discount, according to BlackRock — it has lagged other major markets longer-term.

Banks and energy companies — both of which have a large weighting in the FTSE 100 — could experience a boost from Trump’s enthusiasm for deregulation and his pro-oil policies, said Hugh Gimber, a strategist at JPMorgan Asset Management.


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Article Details

Author / Journalist: Mari Novik

Category: MarketsFinanceInvesting

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-26 @ 05:00:06 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 582 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 23875619

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About Financial Times

Financial Times Logo

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 9 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 12 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

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