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JPMorgan’s Gimber Sees Value in European Stocks After Oil Shock

JPMorgan’s Gimber Sees Value in European Stocks After Oil Shock
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JPMorgan’s Gimber Sees Value in European Stocks After Oil Shock European equities offer value opportunities following the recent decline in oil prices, particularly consumer-facing stocks and energy-sensitive cyclicals, according to JPMorgan Chase & Co.’s Hugh Gimber. “It feels like we’re turning a corner here,” said Gimber, global market strategist at JPMorgan Asset Management. He highlighted the interim peace deal between the US and Iran, set to be signed Friday, as having cooled energy...

JPMorgan’s Gimber Sees Value in European Stocks After Oil Shock European equities offer value opportunities following the recent decline in oil prices, particularly consumer-facing stocks and energy-sensitive cyclicals, according to JPMorgan Chase & Co.’s Hugh Gimber. “It feels like we’re turning a corner here,” said Gimber, global market strategist at JPMorgan Asset Management. He highlighted the interim peace deal between the US and Iran, set to be signed Friday, as having cooled energy prices, creating selective opportunities beneath the surface of stock indexes.
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Originally published by Bloomberg Markets Read original →