Today news
About the same in other media
JPMorgan turns bullish on UK stocks for the first time since the Brexit vote
Reading now: 663
cnbc.comLONDON — JPMorgan has upgraded U.K. stocks to «overweight,» ending years of caution on British equity markets which the bank said are now trading at a «record discount.»
The Wall Street giant had held a longstanding cautious call on U.K. equities since the Brexit referendum in 2016, before moving to «neutral» in July 2020 after a particularly dire spell for U.K. stocks and after the worst of the coronavirus pandemic.
With U.K. equities having delivered a more range-bound performance against their transatlantic and European peers over the past 12 months, however, JPMorgan on Monday upped them to overweight in both a European and global context.
Since the Brexit referendum, U.K. equities have lagged the U.S. by a cumulative 50% and the euro
Read more on cnbc.comAbout this in other media
COVID in Europe: Netherlands imposes mandatory social distancing euronews.com /2 years ago
Bank of England sees CBDCs as a revolution for the future of money cointelegraph.com /2 years ago
Johnson makes a real pig’s ear of winning the CBI back over theguardian.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
