Market sentiment remains bullish for the US, with analysts forecasting double-digit earnings growth for US companies in 2025, alongside a 100bps expansion in record-high profit margins. Meanwhile, Europe faces challenges such as sluggish nominal growth, concerns over trade tensions, and margin compression weighing on earnings.
Columbia Threadneedle sums up the story of US equity vs. European equity in a recent insight: “European equities have lagged the US by 280% since 2007. The region’s problems are well-known: low productivity, low investment, lack of innovation and high energy prices”.
However, Paul Doyle, Head of Europe ex-UK Equities, at Columbia Threadneedle Investments, sees the outlook improve once the headwinds subside.
Read the full insight here.
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