Reported about 1 month ago
The initial optimism for European stocks outpacing U.S. markets is diminishing, as concerns over economic slowdown hamper earnings prospects. Although European stocks, represented by the Stoxx 600, have reached record highs, they still lag behind the S&P 500 in performance. Investors are shifting focus back to undervalued sectors in the U.S., particularly due to stronger economic data and anticipated Federal Reserve rate cuts. With Europe's growth outlook uncertain, particularly due to reliance on Chinese imports, U.S. stocks appear more attractive despite their higher valuations.
Source: YAHOO