Drivers of the European equity market are becoming increasingly mixed, UBS strategists noted on Thursday.
At the industry group level, there is evidence of cyclical and value stocks, such as energy, banks, and materials, witnessing an overshoot, although these stocks were initially valued at recessionary levels. Citing scores from their Relative Equity Valuation System framework, UBS analysts now favor sectors such as utilities, transportation, media, construction materials, energy, real estate, and pharmaceuticals.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UBS global strategist Garthwaite says European stocks are set to outperform U.S.'We think that there are good idiosyncratic reasons why the US should underperform,' the strategist said in a note to clients.
Source: CNBC - 🏆 12. / 72 Read more »
UBS on whether you should own European stocksUBS on whether you should own European stocks
Source: Investingcom - 🏆 450. / 53 Read more »
European stocks set for muted open after European Central Bank cutEuropean stocks looked set to open relatively flat on Friday, after closing at a record high during the previous session.
Source: CNBC - 🏆 12. / 72 Read more »
European stocks set for muted open after European Central Bank cutEuropean stocks looked set to open relatively flat on Friday, after closing at a record high during the previous session.
Source: NBCNewYork - 🏆 270. / 63 Read more »
European stocks open marginally higher after European Central Bank cutEuropean stocks opened slightly higher on Friday, after closing at a record high during the previous session.
Source: CNBC - 🏆 12. / 72 Read more »