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

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