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Trade idea - the case for European equities

Trade idea - the case for European equities

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Geo Chen
Sep 27, 2024
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Trade idea - the case for European equities
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The European economy heavily relies on exports to the US and China, and has been struggling this year due to the slowdown in China and the cooling of the US economy. The Eurozone Manufacturing PMI fell further into contraction territory this month…

Eurozone Manufacturing PMI

…While the Eurostoxx 50 has been lagging the S&P 500 by a considerable amount.

Orange: S&P 500. White: Eurostoxx 50, Yellow: Spread between the two indices

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