91 days ago • Posted by Charles-Henry Monchau

JP Morgan is upgrading EU equities to Overweight / downgrading US equities to Neutral

JP Morgan: "Eurozone is attractively valued, trading at a greater than typical 15% P/E discount to the US, and could benefit from the style switch into Value. Relative earnings trends have favored US over Eurozone for a while now, but a potential bounce in relative earnings of Eurozone could be on the cards. Peripheral spreads are well behaved, further fiscal stimulus in the region is forthcoming, and any easing in trade uncertainty will benefit Euro area, too" - Source: JP Morgan, Markit 

Regional equity performance year-to-date