JPMorgan Sees Europe Stocks Lag in H2 as Lower Oil Threatens Earnings
Updated
Updated · Bloomberg · Jun 22
JPMorgan Sees Europe Stocks Lag in H2 as Lower Oil Threatens Earnings
1 articles · Updated · Bloomberg · Jun 22
Summary
European equities may underperform U.S. and emerging-market peers in the second half, JPMorgan Private Bank strategist Nataliia Lipikhina said.
Lower oil prices are the main risk: if crude stays near current levels or falls further, energy-sector earnings could be downgraded and drag on the broader European market.
The warning matters because energy has been a key source of earnings growth for Europe, leaving the region more exposed than markets with less reliance on oil-linked profits.