Global order is shifting due to Trump’s policies, prompting investors to look beyond the U.S. for opportunities in non-U.S. equity markets. European and Asian earnings momentum is strong, with European markets outperforming. European Strategic Autonomy fund invests in defense, technology, and more, driven by Europe’s investment plans.

COVID, Ukraine crisis, and Trump’s tariffs highlight economic vulnerabilities, leading to increased cohesion among global powers. Defence stocks are up, with a potential for joint EU bond issuance. Europe considers boosting sovereignty in energy, digital services, and health sectors. Analysts foresee long-term growth efforts.

Europe is urged to adopt a “Made in Europe” strategy to protect industries, splitting EU countries. Canada’s dollar, Japan’s yen, and the euro could benefit from pro-growth fiscal policies. Middle powers are asserting strategic autonomy through partnerships aligned with their interests. Shift towards non-U.S. trade agreements expected to take time to impact.

Read more at Yahoo Finance: Analysis-Markets sense opportunity as erratic US spurs ‘middle powers’ into action