JPMorgan: European Stocks Are Attractively Cheap After Oil Price Slump
AI Summary
JPMorgan reports that European stocks appear cheap following the slump in oil prices, possibly attracting investors. The report assumes the Middle East Hormuz crisis has ended, encouraging a return to pre-crisis market positioning.
Europe’s relatively cheap stocks could become attractive for investors as the oil prices plunged and markets hope the Hormuz crisis is over, according to JPMorgan. Assuming that the Middle East crisis has peaked and oil prices drop, investors are likely to return to their positioning from before the war, Karen Ward, chief market strategist for Europe, the Middle East and Africa (EMEA) at JPMorgan Asset Management, told Bloomberg in an interview published on Thursday. Before the Middle East conflict erupted at the end of February, investors…