Europe stocks outperforming US equities is set to fade, says BlackRock

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US stocks will soon beat European peers again as hotter inflation means the region is heading into more aggressive rate hikes, BlackRock says

European monetary policymakers look ready to extend their fight against what their leader calls"monster" inflation, and BlackRock Investment Institute says such action will eventually shut down the outperformance of European stocks over those in the US.

Equities in the euro area have outperformed their US peers by about 14% in local currency terms since the end of September, the research group said in a note published Monday, citing MSCI index data. Europe's ability tostemming from Russia's war against Ukraine has been a key upside driver for the region's stocks. Also playing a role is the reopening of China's economy which bodes well for sectors centered on European exports.

"We don't see the outperformance lasting: The market's focus is shifting to sticky inflation due to firms upping wages to hire and retain staff. Good news on the economy means the European Central Bank needs to hike rates more to cool inflation," wrote Wei Li, global chief investment strategist at BlackRock Investment Institute. Euro area annual inflation was tracking at 8.5 % in February year over year, slower than 8.6% in January.

 

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Black Rock can say mass if he feels like it 🇺🇸 country morally and economically destroyed by its various administrations and management to INVADE EXPLOIT EXPLOIT DESTROY to continue SUBSERVING over the economies and welfare states of citizens and idiosyncracies of countries of 🌎

I'm here because the photo of Christine Legarde stopped my scrolling.

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BlackRock says European companies are showing 'surprise resilience' — and better value than the U.S.European corporate earnings were surprisingly resilient in the fourth quarter of 2022, and the continent's stock outperformance of the U.S. looks set to continue, according to BlackRock. It’s all a scam by the big boys Europe is still ahead in many areas and this rebound is only natural Pays better DIVIDENDS TOO!!!
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