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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European Equities and Tariff Vulnerability
- European equities have recently seen a re-rating, but their vulnerability to tariffs remains.
- This vulnerability stems from uncertainty surrounding US tariff policy and geopolitical positioning.
European Growth and German Fiscal Policy
- Hopes for European growth are tied to potential moves like increased military spending in Germany.
- Germany's strong fiscal position allows for such spending, which could boost the sluggish economy.
Macroeconomic Confusion in Europe
- The European market presents a confusing macroeconomic picture, given tariff uncertainty and potential fiscal spending.
- This confusion is compounded by questions about the interplay between interest rates, growth, and stock performance.