Global shares were boosted on Monday by a U.S. inflation reading offering some hope for further policy easing next year, along with relief that Washington had averted a government shutdown.
European markets have come under fire in the past few weeks, as investors have doubled down on their holdings of U.S. equities and the dollar. Investors have grown gloomier about the outlook for the euro zone economy, particularly in light of U.S. President-elect Donald Trump’s threat to impose hefty tariffs on regional exports to his country.
“In the U.S., the economy is still proving resilient but with increasingly divergent trends due to the effect of Donald Trump’s election,” strategists at asset manager Edmond de Rothschild said in a note.
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