Europe Could Lag as Long as AI Theme Reigns

Dow Jones07-17 23:48

1547 GMT - European equities will lag their global peers for as long as the AI narrative drives markets, J.P. Morgan's Fabio Bassi says. "I don't see Europe closing the gap in an environment where the AI theme remains relevant," the head of cross-asset strategy says. Europe faces the structural headwinds of higher policy rates, higher energy prices, and low productivity, Bassi says. However, the midterm macro dynamic is supportive for Europe, Bassi says. Given the large number of exporting companies, European stocks will benefit from resilient global economic growth. The Europe-wide Stoxx 600 is down 8.3% so far this year, compared with gains of 9.3% for the S&P 500 over the same period.(josephmichael.stonor@wsj.com)

(END) Dow Jones Newswires

July 17, 2026 11:48 ET (15:48 GMT)

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