© Reuters. Eleva Capital explains why Europe can still outperform the USAs of September 2022, Eleva Capital has significantly increased its exposure to stocks, value sectors, banking and cyclical stock picks by reducing the weighting of defensive stocks.
In the United States, leading economic indicators have declined since the beginning of this year. The sharp and significant rise in prices It had a strong effect on American consumers who were penalized with higher recourse to variable rate credit for mortgages and short-term needs.
Europe can avoid recession
So Europe, according to experts raise capital, it could continue to outperform the US, and avoid a recession, even on a technical level thanks to three supporting factors. The first of them relates to Consumer confidence, supported by the decline in prices of agricultural raw materials and energy and the stability of the labor market with an increase in wages. The second is related to restoring production as a result of the stock reduction phase …
** This article was written by Finance
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