Nobody wants Europe right now
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NOBODY WANTS EUROPE RIGHT NOW
Europe's underperformance this year compared to the U.S. has been well-documented.
Barclays last week highlighted the STOXX 600 .STOXX was lagging the S&P 500 .SPX by the most on record year-to-date.
And while some believe that the move is unjustified, Danske Bank senior investment strategist Lars Skovgaard is more understanding.
"In the U.S., you have a better economy, a central bank that will lower rates and now Trump putting more ammunition into U.S. equities," Danske Bank's Skovgaard said.
"I can understand why people are rotating or not buying on any weakness. Nobody wants Europe right now."
Skovgaard also noted uncertainty around the German political situation and escalation of the Russia-Ukraine conflict as further negative stories for Europe.
Throw in disappointment over China's stimulus measures from September and Europe appears to be facing an amalgam of headwinds that it may take a while to shake off.
(Samuel Indyk)
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EARLIER LIVE MARKETS POSTS
INDIAN EQUITIES ARE PRIMED FOR A DRAB FEW MONTHS, GS SAYS CLICK HERE
BUYBACKS TO HELP LAGGING EUROPE CLICK HERE
HOPE YOU'RE KEEPING UP CLICK HERE
EUROPE BEFORE THE BELL: BUSY BUSY CLICK HERE
Barclays buybacks https://tmsnrt.rs/3ZhU5vd
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