
Capital is being redirected into Europe amid U.S. turbulence: Neuberger Berman
Joana Rocha Scaff, managing director and head of European private equity at Neuberger Berman, talks nerves around U.S. allocations and the allure of Europe at SuperReturn in Berlin.

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Negative Rates Return to Switzerland as U.S. Faces Higher Yields. What Does it Mean for Bitcoin?
As President Donald Trump's trade war threatens to upend the global economy, an interesting divergence has emerged that could potentially grease the bitcoin BTC bull run. The divergence in consideration is the elevated yields on U.S. Treasury notes that threaten to compound the fiscal issues, and the renewed negative flip in yields on Swiss government bonds. According to data source Swiss government bonds with maturities of up to five years offered negative yields at press time, with the two-year yield at -17.8 basis points. On the contrary, similar-duration Treasury notes offered yields over 4%. The divergence is the bond market's way of telling us that the trade war will have different impacts on various countries, depending on their trade profiles. Those running trade surpluses, such as several European countries and China, will face disinflation or an outright deflation, while countries like the U.S., which import more than they export, will see an increase in price pressures. The specter of deflation in European nations and China could put pressure on their central banks to ease monetary policy aggressively, likely leading to increased capital deployment into alternative investments like bitcoin. Both the Swiss National Bank and the European Central Bank have already cut rates in recent months. Meanwhile, analysts have said that higher yields in the U.S. and the record public debt could accelerate the shift away from U.S. assets and into alternative assets. "The last time this happened [Swiss yields turned negative in late 2019], it preceded coordinated global easing, repo market seizures, and ultimately pandemic-era QE. Now, it likely reflects a mix of deflationary pressure, eurozone contagion risks, and capital rotating into monetary sovereignty safe havens amid sovereign stress elsewhere," pseudonymous analyst EndGame Macro said on X. It's worth noting that bitcoin's 2020-2021 bull run from $5,000 to over $60,000 was characterized by a record amount of negative-yielding government debt worldwide. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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an hour ago
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France's Mistral launches Europe's first AI reasoning model
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an hour ago
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The foreign markets soaring to record highs in 2025
Global markets have been outpacing US stocks (^DJI, ^IXIC, ^GSPC) and growing at massive rates year-to-date in 2025. Yahoo Finance markets and data editor Jared Blikre — who also hosts the Stocks In Translation podcast — tracks a handful of foreign market ETFs for various countries, including Greece, Japan, Italy, Poland, and Israel. Twice a week, Stocks In Translation cuts through the market mayhem, noisy numbers and hyperbole to give you the information you need to make the right trade for your portfolio. You can find more episodes here, or watch on your favorite streaming service. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. The itinerary for global markets this year had been busy, but the S&P 500 has barely left the gate up a modest 2%. Meanwhile, several single-stock ETFs have already gone long haul, uh chalking up 30 and even 40 plus percent gains. And today, we're going to be we're going to see who's been filling up their passports with the juiciest returns. I'm Jared Blikre, host of Stocks in Translation. So let's take a look at the country leaderboard. Greece and Poland are at the top of our list. Each of these European countries are clocking in returns in the mid 40s. Austria and Spain are right behind at 40% each, with Italy in the mid 30s. Continuing down the list, Germany is right behind Italy with a 33% surge. Meanwhile, the UAE, Israel, and Japan are each posting respectable low double-digit gains this year. And in case you're wondering, these ETFs are all priced in US dollars, so these gains are also benefiting from the broad-based weakness in the US dollar this year. Another note, this list is not meant to be exhausted. Now, let's flip through some of the charts here. First, the record relay, as I'm calling it. Germany tagged a fresh record high last Thursday, followed Friday by Israel. And that's after Japan notched its own record earlier in the week. It's almost like global momentum is passing the baton. Now for the Mediterranean makeover, check out Greece. Like a Phoenix rising from the from the global financial crisis, as ashes, excuse me, Athens is back on investors' radar, flaunting the highest price in nearly a decade, though still down 25% from its 20 2014 high. And say hello to the periphery club. Med is back, with Spain and Italy joining the Greek resurgence. All three of these indices are up five 50% over the last two years. Shifting north, Poland and Austria are leading a Central European surge, with Poland up over 50% in the last two years and Austria just short of that. And don't forget about the United Arab Emirates to the east, just a hair from a fresh decade long high, as it's returning 25% plus over two years. Finally, let's take a look and zoom in on Austria's long awaited breakout, nearly two decades in the making. After the roller coaster ride along the global financial crisis, the country traded sideways for 17 years, finally breaking out of a trading range only a month ago. Bottom line for investors, yes, these returns are impressive, but is US exceptionalism really a thing of the past? Have the volatile tariff experiments, have those upped the uncertainty vibe too high? Or did the post liberation day market plunge clear the deck for the next US-led surge? If so, the last month of consolidation near near record highs in the S&P, that might just look like a layover by year end. And if not, we could just see some more sideways action that frustrates both the bulls and the bears. Only time is going to tell, but you cannot deny the bullish price action breaking out around the world this year. And tune into Stocks and Translation for more market decoding deep dives, new episodes on Tuesdays and Thursdays on Yahoo Finance's website, or wherever you find your podcast. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data