While a majority of investors see European equities falling in the coming months due to monetary tightening, fading bets that the economy will be tipped into recession over the next year have led an increasing number to take a more optimistic view on stocks in the medium term, BofA strategists led by Andreas Bruckner said in a note.
This year’s rally in European equities has largely run aground over the summer after the European Central Bank pressed ahead with its mission to tame inflation with a series of interest rate hikes. Investor concerns over growth were apparent in Bank of America’s survey, with 89% of respondents expecting a further slowdown in Europe’s growth momentum over the next six months.
In a broader global survey, BofA found that concern over China’s sputtering economy has triggered a record switch in investors’ equity allocation away from emerging markets to the US.
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:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
European Stocks Rise as US Soft Landing Hopes Boost Risk AssetsEuropean stocks rose on Monday, extending last week’s tentative rebound as comments from Treasury Secretary Janet Yellen raised hopes that the US economy is headed toward a soft landing.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
India's Nifty 50 hits record high as local, global investors pile into stocksMarket News
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
European Stocks Steady Ahead of US Inflation Data; Smurfit FallsEuropean stocks opened slightly higher as investors awaited key US inflation data on Wednesday for clues on the Federal Reserve’s policy outlook. Smurfit Kappa Group Plc fell sharply after it agreed to combine with rival packaging company WestRock Co. in an $11.2 billion deal.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Stock market today: Asian shares mostly higher as investors await US inflation, China economic dataStock prices were mostly higher in Asia on Monday as investors awaited U.S. inflation figures and China’s latest economic data. Benchmarks fell in Hong Kong and Tokyo but rose in Shanghai, Sydney and Seoul. A surge in oil prices has added to worries that inflation may not be waning as hoped in the U.S and other major economies. That could lead the Federal Reserve and other central banks to keep interest rates higher for longer, which would hurt prices for shares and other investments. Over the w
Source: YahooFinanceCA - 🏆 47. / 63 Read more »