Citi strategist David Chew said European equities are currently the only major market region where risk appetite has shown a clear improvement, according to Jin10, as cited by ChainCatcher. He attributed the shift to fresh fund inflows and corporate earnings that came in better than expected. The report said positioning sentiment improved across all major European stock indexes last week. In contrast, comparable indicators for the U.S. market pointed to weaker investor confidence. Chew also said European markets benefited from the European Central Bank’s decision to leave interest rates unchanged. The comments point to a widening gap in near-term sentiment between Europe and the U.S., with Europe standing out among major regions in the latest reading.
ChainCatcher reported, citing Jin10, that Citi strategist David Chew said European equities are the only major market region to show a clear improvement in risk appetite recently, helped by fresh fund inflows and better-than-expected corporate earnings.
The report said positioning sentiment improved across all major European stock indexes last week. By comparison, related indicators in the U.S. market showed weaker investor confidence.
Chew also said European markets benefited from the European Central Bank’s decision to keep interest rates unchanged.
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