Bloomberg Surveillance Bloomberg Surveillance TV: February 25, 2025
Feb 25, 2025
Sharon Bell, Senior European Equity Strategist at Goldman Sachs, shares her insights on the fragility of European equities in the face of uncertain US tariff policies. She discusses the impact of geopolitical tensions and the need for stronger fiscal policies in Europe. Jon Lieber highlights the US's controversial alignment with Russia in international matters, while Dan Ives offers a sneak peek into Nvidia's upcoming earnings. Neil Dutta provides an assessment of recent economic data, shedding light on the challenges and opportunities in the US economy.
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Deregulation Challenges in Europe
- Deregulation is discussed as a potential growth driver in Europe, but its implementation faces challenges.
- Regulatory differences across European countries make it difficult to achieve meaningful deregulation.
UK's Economic Advantages
- The UK's service-based economy makes it less vulnerable to trade wars and tariffs.
- Lower gas prices would also significantly benefit the UK due to its dependence on gas.
European vs. US Equity Performance
- European outperformance versus the US could continue due to large valuation differences and returning institutional flows.
- However, favorable political developments in Europe are crucial for sustained outperformance.