The S&P 500 is set for its eighth year of outperformance in the past decade, as the artificial intelligence buzz beats recession and pricey valuation fears.
| Europe’s stagflation crisis and a property downturn in China are flashing a familiar message: for equity investors, there is no real alternative to the US sharemarket.P 500 boast about an eight percentage-point lead over the Stoxx Europe 600. The index is on course for its eighth year of outperformance in the past decade, as the artificial intelligence buzz overshadows economic recession fears and pricey valuations.
Investors have fled European equity funds for 25 weeks straight, Bank of America says, citing EPFR Global data, while Germany’s DAX, home to the region’s manufacturing stalwarts, has just posted its worst monthly performance since December. Tech should benefit even more next year as Treasury yields slide, reckons Nicolas Domont, a fund manager at Optigestion in Paris, and his quest for mega-cap stocks has yielded little outside of Wall Street.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China's new map of the South China Sea rejected by neighbouring countriesThe Philippines has joined four other countries in denouncing China's expansive map claiming sovereignty over the South China Sea. They are calling on China to adhere to international law.
Read more »
‘Definitely not the first choice’: China has a big tourism problemChina’s first summer in four years without harsh COVID restrictions was meant to create a travel boom for its wilting economy. It hasn’t turned out that way.
Read more »
‘Definitely not the first choice’: China has a big tourism problemChina’s first summer in four years without harsh COVID restrictions was meant to create a travel boom for its wilting economy. It hasn’t turned out that way.
Read more »
‘Definitely not the first choice’: China has a big tourism problemChina’s first summer in four years without harsh COVID restrictions was meant to create a travel boom for its wilting economy. It hasn’t turned out that way.
Read more »