JPMorgan Strategists Predict Further Euro-Area Stock Weakness
- Central bank tightening, economic outlook to weigh on equities
- Weakening Chinese economy another drag on euro-area stocks
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It’s too early go long euro-area stocks versus US peers again, according to JPMorgan Chase & Co. strategists.
“We believe there is another leg of underperformance ahead,” strategists led by Mislav Matejka wrote in a note on Monday, keeping an underweight view on euro-zone equities.