Latest news with #JPMorganGlobalMarketsConference
Business Insider
23-05-2025
- Business
- Business Insider
Global investors are in 'sell America' mode even with US market dominance intact, JPMorgan survey says
Surveyed international investors are betting on European equities to beat out US stocks, JPMorgan said. The "sell America" trade has picked up steam amid policy, tariffs, and deficit fears. "Sell America" sentiment is growing among international investors, even as Wall Street forecasters see US markets bound to push past the worst-case scenarios. Investors from 45 countries surveyed at the JPMorgan Global Markets Conference this month revealed a bullish lean toward Europe, with 36% anticipating European equities to be the best-performing asset in 2025. That's compared to 17% who are betting on US stocks to dominate. JPMorgan "There were mixed views on the outlook for the US economy, even if recession is no longer the base case, and investor sentiment was not as positive on growth as risk market trading suggests," a team of JPMorgan analysts wrote last week. The report, involving 700 investors from 45 countries, adds to other signs indicating that global investors have turned cautious on US markets after years of outperformance. While US equities have drawn heavy foreign investor flows as the market rallied in the last few years, high valuations, AI disruptions, and massive policy and data jitters have shaken faith in " US exceptionalism." Meanwhile, new tailwinds are emerging for the European market, and investors have flocked to the region's stock market. The Stoxx Europe 600 is up 7% for the year, while the S&P 500 is down about 1%. However, though the stark difference in performance between the two markets may boost pro-European arguments, several Wall Street forecasters have cautioned against dumping US assets. Morgan Stanley recently projected that American dominance will remain intact through at least 2026, as near-term volatility gives way to improved earnings sentiment, continued AI gains, and accommodating policy boosts. In its view, slowing growth will not trigger a recession. Goldman Sachs, meanwhile, suggested that US mega-caps will outperform again this year — the so-called Magnificent Seven stocks have been the S&P 500's main growth engine since 2023, and are trading at discounted valuations that investors will lean into, the bank said. For now, uncertain will remain until the market gets more clarity on everything from interest rates, recession odds, trade deals, and geopolitical developments. JPMorgan offered some takeaways from the conference on key issues: Recession: Odds of a US downturn now stand at 40%, but GDP damage is already done. Conference speakers cited that US tariffs will dent business investment and consumption. JPMorgan expects the 10-year Treasury yield to end 2025 at 4.35%. Trade negotiations mean more uncertainty: Easing tensions with China may have uplifted US investors' spirits, but a deal with the European Union looks contentious, JPMorgan said. Risk of retaliation is high if negotiations don't conclude favorably. That risk was amplified on Friday when Trump posted on Truth Social that he was recommending a 50% tariff on the EU starting June 1. Expect a longer bond sell-off: Foreign dumping of US debt should continue as inflation, attacks against central bank independence, and policy turmoil erode the Treasury market's safe haven appeal. As sovereign wealth funds and reserve managers rethink Treasury holdings, gold stands to benefit, JPMorgan said. "A potential shift of just 0.5% of foreign US assets to gold could yield 18% annual returns, taking gold prices toward $6,000 by early 2029."
Yahoo
16-05-2025
- Business
- Yahoo
German Bonds May Be More Attractive Than US, JPM Says
JPMorgan global markets strategy head Dubravko Lakos-Bujas discusses the outlook for European fixed income markets. "I do think that the German bond market, in terms of supply, actually looks quite attractive and maybe in some cases more attractive than sort of the US side," Lakos-Bujas says. He speaks to Bloomberg's Francine Lacqua on the sidelines of the JPMorgan Global Markets Conference in Paris. (Republishes to fix conference name.) 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
Bloomberg
15-05-2025
- Business
- Bloomberg
Bloomberg Surveillance TV: May 15, 2025
- Jamie Dimon, CEO and Chairman of JPMorgan Chase - Jim Zelter, President at Apollo Global Management - Gene Seroka, Executive Director at the Port of LA - Nela Richardson, Chief Economist at ADP Bloomberg's Francine Lacqua sits down exclusively with Jamie Dimon, CEO and Chairman of JPMorgan Chase from the JPMorgan Global Markets Conference in Paris. Jim Zelter, President at Apollo Global Management, offers his outlook for markets and inflation amid growing economic uncertainty in the US and globally. Gene Seroka, Executive Director at the Port of LA, discusses the outlook for imports and shipping as US-China trade relations ease. Nela Richardson, Chief Economist at ADP, reacts to retail sales and jobless claims and and offers her outlook for the consumer.
Bloomberg
15-05-2025
- Politics
- Bloomberg
Macron Says EU Must Reinvent Its Relationship With the UK
The European Union must revamp its alliance with the UK, French President Emmanuel Macron said Thursday in Paris, ahead of a summit next week that aims to reset relations between the bloc and its former member country. 'Post-Brexit we need to change and completely reinvent the relationship,' Macron said in remarks at at the JPMorgan Global Markets Conference in Paris, adding that it was a priority for the EU in the coming months.
Bloomberg
15-05-2025
- Politics
- Bloomberg
Macron Says EU Must Reinvent Relationship With the UK
The European Union must revamp its alliance with the UK, French President Emmanuel Macron said at the JPMorgan Global Markets Conference in Paris on Thursday. 'Post-Brexit we need to change and completely reinvent the relationship,' Macron said, adding that it was a priority for the bloc in the coming months.
