European stocks are a good place to seek shelter from the higher rates-fuelled global equity rout, according to strategists at Goldman Sachs.
A global market rout started in the US on Wednesday after the Federal Reserve signalled interest-rate hikes may be more aggressive than many had expected. Technology shares — valued on future growth expectations — saw particularly intense selling because of elevated valuations. Meanwhile, the “earnings gap is closing” with forward earnings per share estimates stronger in the last year for Europe than the US, Bell wrote. The strategists recommend European banks and energy stocks, and single out healthcare as their preferred “cheap” growth area.
Россия Последние новости, Россия Последние новости
Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей
MARKET WRAP: Rand above R16/$, its worst level since mid-December, while JSE leaps to new recordGlobal risk aversion sees most emerging market currencies weaken, while stocks gain on waning concerns about Omicron Viva ANC ! Words can neither qualify how helpful your guidance and advice has been . I am forever grateful for your support .Thank you AMBREYMARCUS1 I just received a profit of R234,000 in my bank account. thank you very much
Источник: BDliveSA - 🏆 12. / 63 Прочитайте больше »