The U.S. economy and stocks face a difficult year — and could even lag Europe
Publishing timestamp: 2023-01-12 09:56:06
Summary
Analysts believe that the US has reached the end of its post-Global Financial Crisis rally and that 2023 could be Europe's time to shine. Deutsche Bank's chief investment officer for EMEA believes that Europe could outperform both economically and in capital markets due to its diversification of sectors and sustainable production growth. Some strategists argue that Europe's stocks could outperform the US due to its higher proportion of value stocks. Early data points look positive for the euro zone compared to the US. However, some strategists are more cautious on Europe's economic outperformance and the appreciation of the euro could weigh on earnings.
Sentiment: MIXED
Keywords: united states, economic events, s&p 500 index, eur/usd, stoxx 600, business news, markets, economy,
Source: https://www.cnbc.com/2023/01/12/europe-could-outperform-the-us-in-equities-and-growth-this-year.html