Tuesday's market performance was a mixed bag. While Wall Street dipped due to concerns over rate cuts and falling Big Tech stocks, European markets saw gains after consumer price data showed inflation rising to 2.4% in December. UBS remains optimistic about U.S. equities despite high valuations, while Goldman Sachs expresses confidence in an Italian cable manufacturing company.
The markets saw a mixed performance on Tuesday. Wall Street dipped following a sell-off spurred by renewed fears over rate cuts and a decline in Big Tech stocks. However, European markets closed higher after digesting inflation data that showed consumer prices in the euro zone rose to 2.4% in December. Four ETFs in Europe and North America have outperformed the S&P 500 over the past five consecutive years. Despite expensive valuations, UBS remains bullish on U.S.
equities and artificial intelligence-exposed parts of the market, predicting earnings growth to drive another year of concentrated returns. Goldman Sachs is bullish on one of Italy's cable manufacturing giants. Traders will be watching European consumer confidence and economic sentiment data, as well as Shell's fourth-quarter update
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