Investors have poured money into sectors such as energy and defence which are poised to benefit from one of the deepest policy shifts in the region in decades.
A month of the war in Ukraine briefly erased a year’s worth of gains for European equities but the continent’s bourses have quickly recovered as investors have poured money into sectors such as energy and defence which are poised to benefit from one of the deepest policy shifts in the region in decades.
The broader market has recovered 11% in one month, and is within striking distance of a record high on Jan. 4 with overall valuations at a 34% discount to the U.S. market. “Europe will transition to be more independent and redefine many of its sectors and economic paradigms,” said Eric Lopez, head of EMEA Equity Research at BofA Global Research.
Germany and Sweden said they plan to sharply increase spending on defence to around 2% of their economic output. “What I’m saying to clients is that you have ... to understand the nuances on which country is more dependent on natural gas and energy supply from Russia,” she said. “So away from these indexes”.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. crude stocks increase, production hits COVID-era high: EIAU.S. crude inventories rose by 2.4 million barrels in the week to April 1 to 412.4 million barrels
Read more »
European Union proposes Russian coal ban in new sanctionsThe European Union's executive branch proposed Tuesday a ban on coal imports from Russia in what would be the first EU sanctions targeting the country's lucrative energy industry over its war in Ukraine.
Read more »
Bucha residents cope with aftermath of carnage while fearing a return of Russian forcesThe killing of civilians in Bucha has created new fury toward Russia and prompted the imposition of additional European sanctions
Read more »
Severe storms in Texas kill one as authorities warn of more violent weather to comeMore than 43,000 homes and businesses were without power Tuesday afternoon from eastern Texas to Georgia
Read more »
2nd man arrested on gun charges in Sacramento mass shootingA second suspect was arrested Tuesday in connection to the mass shooting in Sacramento that killed six people and wounded 12 in California's capital, and police say he is the brother of the first suspect.
Read more »
Second man arrested on gun charges in Sacramento mass shootingThe brother of the first suspect in the Sacramento mass shooting is arrested while hospitalized with serious injuries from the gunfire. More than 100 shots were fired early Sunday in downtown Sacramento
Read more »