HSBC warns investors to avoid European stocks - 23 septembrie 2022
The macroeconomic outlook in Europe is bleak as supply disruptions and the impact of Russia’s war in Ukraine on energy and food prices continue to stifle growth, and force central banks to tighten monetary policy aggressively to rein in inflation.
Typically, investors have turned to European markets in search of value stocks – companies that trade at a low price relative to their financial fundamentals. “I would caution against buying Europe because of the cheaper valuations and interest rate movements,” said Willem Sels from HSBC Private Banking.
(US.HSBC)