European Stocks Rise Despite Wall Street Slump, UBS Remains Bullish on US Equities

📆 19/10/1403 09:52 ق.ظ
📰 NBCLA

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European Stocks,Wall Street,Rate Cuts

European markets closed higher on Tuesday, driven by investors digesting inflation data that showed a rise in consumer prices. Wall Street, however, experienced a sell-off spurred by concerns over rate cuts and a decline in Big Tech stocks. Despite expensive valuations, UBS maintains a positive outlook on US equities and AI-exposed sectors, predicting continued earnings growth.

ticked higher. The move comes after a sharp decline in Big Tech stocks and renewed fears over the path of rate cuts spurred a sell-off on Wall Street on Tuesday.

The print — which was in line with expectations, according to a Reuters poll of economists — was lifted by high services costs and rising energy prices.Four ETFs in Europe and North America have beaten the S&P 500 over the past five consecutive years, according to a CNBC Pro screen.

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