Oddbean

Forget U.S. stocks — UBS says Europe's are a better bet. Here's why ========== UBS says European stocks are now more attractive than their U.S. counterparts. Factors such as economic data, interest rates, valuations, and earnings play a role in the shift. UBS forecasts that the gap between U.S. and eurozone GDP could soon close. Excess savings in Europe and looser bank lending conditions could benefit growth. Some of Europe's central banks have already begun easing, and the European Central Bank is expected to do so in June. Europe's valuations have started to look more attractive, with a higher equity risk premium and lower sector adjusted P/E compared to the U.S. Relative earnings momentum is moving in Europe's favor. Europe has industry-leading or unique companies without U.S.-based direct competitors. #Ubs #EuropeanStocks #UsStocks #Investment #EconomicData #InterestRates #Valuations #Earnings #Gdp #CentralBanks #EquityRiskPremium #P/e #EarningsMomentum #TechnologyStocks https://www.cnbc.com/2024/05/14/forget-us-stocks-ubs-says-europes-are-a-better-bet-heres-why.html