A window of opportunity for European equities

Monday 22 April 2024

Cross Asset

A window of opportunity for European equities

01 | The equity rally is broadening and we see a rotation towards European equities.

02 | The broadening of participants beyond the Magnificent 7 should benefit equal-weighted indices in the US, but the European market is also a good candidate for taking advantage of this window of opportunity.

03 | The US market benefits from more dynamic earnings growth than the rest of the world, but its valuation is much higher than that of other markets.

A window of opportunity for European equities

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Unless otherwise stated, all information contained in this document is from Amundi Asset Management as of April 15, 2024. Diversification does not guarantee a profit or protect against a loss. The views expressed regarding market and economic trends are those of the [author] and not necessarily Amundi Asset Management and are subject to change at any time based on market and other conditions, and there can be no assurance that countries, markets or sectors will perform as expected. These views should not be relied upon as investment advice, a security recommendation, or as an indication of trading for any Amundi product or service. This material does not constitute an offer or solicitation to buy or sell any security, fund units or services. Investment involves risks, including market, political, liquidity and currency risks. Past performance is not indicative of future results. Amundi US is the US business of Amundi Asset Management.

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