Global stocks market have outperformed the S P 500 to start this year. But this morning Citigroup says that, run is over double upgrading U.S. equities while, cutting Europe to neutral SEMA.
Modi here with more on the action, we’re seeing overseas just as we head into the European close SEMA, it’s an important time Sarah European financials faring a lot better than U.S. banks in the past month despite news of Credit Suisse and Deutsche Bank and that has allowed European stock indices to outperform most Global markets including the S P 500 this quarter up around six percent.
The rally led by France and Germany both with double-digit percentage Point gains due in part two reduce concerns around an energy shortage and optimism around a China recovery, a gauge used to measure activity in China’s Services sector.
Hitting its highest level in more than a deca Worth noting it does remain positive on China strategists there say, the reopening should lead to an acceleration both in GDP and earnings growth.
Global Stocks Market :
Morgan Stanley’s top strategist says, she’s still betting on Emerging Markets. HSBC also writing that, the dollar will remain in high focus next month and while there is less fear of a hawkish Fed coupled with low volatility.
It is the dollar Sarah and Carl that could determine whether Emerging Markets always outperform and everybody’s gotten relief from the weak dollar. So far this year and certainly for the month I get the eye of the storm is no win.
The U.S. and in the U.S. banking system is that the call is that why the out performance and global stocks. Yeah, there seems to be this perception that the banking stress is still confined to the US, and that’s perhaps one of the reasons that global equities have been able to outperform, and interestingly enough.
I was speaking to Julian Emmanuel at Over Court ISI and asking him what’s the biggest event you’re watching in March, and he says it’s not a state council meeting in China, it’s not the elections in Latin America, it’s First Republic earnings on April 13th that will drive sentiment not just here but overseas.
Yeah, and then, of course, J.P. Morgan on the 14th still some discussion I think, it was City last night that said, “Look, tier one capital is still better this cycle than it was in 2015 or 2008 because there have been so many hard lessons learned by the banks, and they would argue that to policymakers too.”
SEMA Yeah, it’s a great point: who learned what during the last financial crisis, and who’s better for it?The banks will see an eventful series of results in a two weeks.
