Europe's brief window of market outperformance swings shut cyprus-mail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cyprus-mail.com Daily Mail and Mail on Sunday newspapers.
European equities and the euro look set to lose out to U.S. markets in the months ahead, as a stellar run in early 2023 has fizzled out in the face of tepid global economic performance and the AI hype that has brought a sparkle to Wall Street. It overtook Europe's STOXX 600, which is up 9%, in late May for the first time this year. In dollar terms, the STOXX 600 is still lagging, having gained 11.3% in 2023, while the euro is up 1.1%.
By Samuel Indyk, Lucy Raitano and Alun John LONDON (Reuters) - European equities and the euro look set to lose out to U.S. markets in the months ahead.
LONDON (Reuters) - European equities and the euro look set to lose out to U.S. markets in the months ahead, as a stellar run in early 2023 has fizzled out in the face of tepid global economic performance and the AI hype that has brought a sparkle to Wall Street.
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