JPMorgan: European stock markets may continue to underperform globally during the AI-led market cycle

According to Odaily, Fabio Bassi, JPMorgan's Head of Cross-Asset Strategy, stated that as long as artificial intelligence remains the main market theme, European stock markets are likely to continue to lag behind other major global markets. Bassi said: "If the AI theme continues to dominate, I think Europe cannot narrow the gap with other markets." He pointed out that Europe faces structural obstacles such as higher policy rates, elevated energy prices, and low productivity. However, he believes that from a medium-term macroeconomic perspective, there are still supportive factors for the European market. Since Europe has many export-oriented companies, European equities are set to benefit as long as the global economy remains resilient. (Golden Ten Data)