Woofun AI notes that JPMorgan’s Fabio Bassi, Head of Cross-Asset Strategy, indicated European equities could continue to underperform other major global markets while artificial intelligence remains the dominant investment theme. Bassi stated that Europe faces structural headwinds including higher policy rates, elevated energy prices, and low productivity, which hinder closing the gap with other regions.

However, he acknowledged medium-term macroeconomic support for European markets, noting that a resilient global economy would benefit Europe’s large base of export-oriented companies.