JPMorgan Sees More Short-Term Gains for European Stocks

Fabio Bassi, JPMorgan’s head of cross-asset strategy, says that European equities can make further gains even if there are existential challenges facing the region. “The lack of banking union, lack of capital market union, energy dependence, lack of AI investment. To me these are factors that should matter over the medium term,” Bassi tells Bloomberg Television. “But clearly we are at the tactical trade here to basically ride the wave and benefit from the fiscal impulse.”