![]() strategist Guillaume Jaisson reckons that the “markets might be ignoring recession risks.” Moreover, European equity indexes don’t have much in the way of tech stocks likely to benefit from the hype over AI that’s fueling outsized gains for some US firms, notably chipmaker Nvidia Corp. Their estimate is for German GDP to decline by 0.3% this year, in line with the IMF’s call, and for a limpid recovery of only 0.5% in 2024 - with forecast risks skewed to the downside. Goldman Sachs Group Inc. They reckon the drag from credit tightening will weaken economic momentum across the bloc, reducing corporate earnings. Deutsche Bank AG strategists also expect European earnings to slump in the second half. strategists are anticipating a 20% slump in European stocks this year, predicated on a hard recession call. It recovered nicely and by the late 1990s, the stock posted a rally. But a slump in the bling sector on faltering demand in the US and China has seen a 10% correction for the high-end retailer.Bank of America Corp. It is during this time that the stock posted its lowest price ever of circa 18 per share. The French CAC 40 index made a new high in April, led by luxury giant LVMH Moet Hennessy Louis Vuitton SE. EUR KGV 21,10 ISIN DE0007236101 Symbol SMAWF Snapshot Kurse & Realtime Charts & Tools Unternehmen News & Analysen Fundamental Derivate Nie mehr Gebhren beim Trading jetzt. ![]() Italy’s precision manufacturing sector, as well as its luxury brands, are exposed. Siemens AG Follow Share 158.14 Jun 9, 8:30:00 PM GMT+2 EUR ETR Disclaimer search Compare to ABB Ltd CHF 34.50 ABBN0.76 BASF SE 46.03 BAS1.80 Siemens Healthineers AG 52.34. One concern is that China’s reopening from pandemic lockdowns has been patchy as it focuses on its own self-sufficiency, with limited benefits for European exporters.
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