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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.
MARKET WRAPS Watch For: U.K. RICS residential market survey, U.S. President Joe Biden meets U.K. Prime Minister Rishi Sunak in Belfast; trading updates from LVMH, BMW, Givaudan, Vinci, Publicis Groupe, B&M European Value Retail, SAS Ope. | 12:15am