From Morningstar: 2024-10-02 06:02:00

European equities have faced turmoil this year, but the EuroStoxx 50 is slowly climbing back up to record highs. Financial services, like UniCredit, have been standout sectors. Luxury stocks like LVMH are struggling due to dimming consumer sentiment, but positive Chinese economic news is helping them bounce back. Siemens, Telefonica, and Deutsche Telekom are also on the rise.

UniCredit is expected to drive growth in the European financial sector due to its move to acquire Commerzbank. LVMH, despite facing challenges, has solid potential long-term. Consumer staples may struggle in Q4 due to high inflation. The travel sector may see price wars this winter. Siemens and telecommunications giants have seen significant increases in their share prices.

Political uncertainty in Europe, specifically in France and Germany, continues to impact European equities. Investors are eagerly anticipating the upcoming US election for potential market shifts. Other factors like interest rates, inflation, and global infrastructure spending play a role in shaping the future of European equities.



Read more at Morningstar: Which Stocks Will Drive European Equities in Q4?