This market is a better bet than U.S. stocks in 2020, Barclays says

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 50 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

If you're looking for a safer bet than U.S. stocks heading into an election year... here's where Barclays says you should go.

It may be a typically subdued day for stocks post-Thanksgiving, but escalating tensions between the U.S. and China over President Donald Trump’s support for Hong Kong have concerned investors.

With geopolitical risks mounting, Barclays, in our call of the day, expressed a “tactical preference” for European stocks over U.S. equities in 2020. Barclays forecasted a similar mid-single digit price upside for U.S. and European equities, but said the balance of risks favoured the latter. Emmanuel Cau, European equity strategist at Barclays, cited European stocks’ higher exposure to emerging markets and cheaper valuations. He added that while Barclays is overweight on U.S.

He added: “U.S. equities have tended to perform well in the fourth years of presidential terms, but this time around, the Trump impeachment hearings could affect investor confidence given the possible impacts on the outcome of the next election,” citing concerns over the potential impacts of Senator Elizabeth Warren’s policies.

The U.K.’s Court of Appeal has upheld an injunction preventing Royal Mail RMG, -4.23% employees from going on strike in the peak holiday delivery season.

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:

 /  🏆 3. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Barclays shifts faith from US to European stocks for 2020Barclays has rebalanced its equity focus away from the U.S. and toward Europe and emerging markets for 2020.
Source: CNBC - 🏆 12. / 72 Read more »