All articles tagged with #european equities
BlackRock warns that surging energy costs and a narrowed valuation gap to the US have dented Europe’s stock appeal, citing consumer spending stress and higher borrowing costs; while some areas like defense, banks and semiconductors remain selective opportunities, the market is seen as fragile and US equities currently offer more attractive investment prospects.
The Japanese yen took center stage as it fell to its lowest level against the dollar since 1990 before rebounding following a series of comments from Japanese officials and a sudden meeting between the Ministry of Finance, Financial Services Agency, and Bank of Japan. The dollar traded steadily against other major currencies, while European equities and US futures rose. Gold also showed potential for a rebound after facing resistance at $2,200.