Forget U.S. stocks — UBS says Europe's are a better bet. Here's why
Publishing timestamp: 2024-05-14 01:05:19
Summary
UBS has made a "U-turn" and now says European stocks are more attractive than U.S. stocks due to factors such as economic data, interest rates, and earnings. The bank believes that the gap between the two regions could soon close, with indicators suggesting upside risk to European GDP and downside risk to U.S. GDP. Europe's valuations are also starting to look more attractive, with the equity risk premium in Europe being higher than in the U.S. Additionally, relative earnings momentum is moving in Europe's favor, and the region has industry-leading companies without direct U.S. competitors.
Sentiment: POSITIVE
Tickers: UBS,
Keywords: breaking news: markets, ubs group ag, u.s. economy, prices, business news, united states, economic events, corporate stock, investors, international investing, markets,
Source: https://www.cnbc.com/2024/05/14/forget-us-stocks-ubs-says-europes-are-a-better-bet-heres-why.html