JPMorgan: During the period when AI leads the market, European stock markets may continue to underperform globally

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PANews, July 17—Fabio Bassi, JPMorgan’s cross-asset strategy head, said that as long as artificial intelligence remains the market’s main theme, European equities’ performance could continue to lag behind other major global markets. Bassi said, “If the AI theme continues to dominate, I believe Europe will not be able to close the gap with other markets.” He noted that Europe faces structural headwinds such as higher policy interest rates, elevated energy prices, and low productivity. However, he believes that from a mid-term macroeconomic perspective, European markets still have supporting factors. Because Europe has a large number of export-oriented companies, European equities will benefit in the context of global economic resilience.
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