JP Morgan Favors European Stocks Over US Markets Amid Trade War Concerns
Wall Street strategists are pivoting to European equities as US markets face headwinds from trade wars and tariff disputes. JP Morgan’s latest analysis highlights the STOXX Europe 600 (SXXP) index as primed for a 5% rally to 580, potentially marking its strongest outperformance against US benchmarks in decades.
The bank cites improving economic fundamentals in Europe contrasted with America’s escalating protectionist policies. This shift underscores a broader institutional reallocation toward regions with clearer growth trajectories.