Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

UK and Spain emerge as top investment destinations in Europe

by July 18, 2024
July 18, 2024
UK and Spain emerge as top investment destinations in Europe

UK and Spain have been identified as the most attractive places to invest in Europe, according to a recent survey by Bank of America.

The survey, which included insights from 242 fund managers overseeing a combined $632 billion in assets, was conducted from July 5 to 11 and highlights a notable shift in investor sentiment towards London-listed companies.

The survey underscores the resurgence in popularity of UK stocks, which had previously fallen out of favour with traders. The FTSE 100 index, representing Britain’s largest companies, has often been criticised for its heavy weighting towards “old economy” sectors like energy and utilities, and for lacking a robust representation of tech firms. Despite this, the FTSE 100 has risen by 6% this year, crossing the 8,000-point threshold for the first time, although it still lags behind Wall Street’s major indices, with the S&P 500 up about 20% this year.

In comparison, France’s Cac 40 has increased by approximately 0.5% this year, while Germany’s Dax 40 has seen a 10% rise. Meanwhile, the Italian stock market was the least favoured by fund managers in Europe this month, followed by the French market.

Political stability in the UK is seen as a significant factor driving renewed interest in UK stocks. Labour’s decisive victory in the general election on July 4, securing a majority of over 170 seats, suggests a smooth path for the party’s fiscal and legislative plans.

In contrast, political uncertainty in France had traders worried before recent elections, fearing a shift towards far-left or far-right policies. However, neither extreme group secured a decisive win, implying a more moderate approach to taxation and spending.

In the US, fund managers anticipate high rates on government debt if either the Democrats or Republicans gain control of both the House and Senate, with 48% of participants highlighting trade policy as the most likely area to be influenced by the upcoming presidential election. Donald Trump, the Republican candidate, is expected to adopt a protectionist trade stance similar to his first term if he wins.

Fund managers also assigned a 68% probability to the global economy achieving a “soft landing,” where inflation returns to the central banks’ 2% target without significantly harming growth.

Read more:
UK and Spain emerge as top investment destinations in Europe

0
FacebookTwitterGoogle +Pinterest
previous post
Labour to launch state-owned Great British Energy with £8.3bn market intervention
next post
Q&A with Bryan Winquist: Insights on Safety, Sustainability, and Leadership

You may also like

UK padel boom triggers surge in planning applications...

July 28, 2025

BMW brings electric Minis back to Oxford as...

March 9, 2023

A Happy New Year for UK’s optimistic SMEs,...

January 4, 2023

Six Scottish startups showcased at Virgin Hotels Edinburgh

August 16, 2022

Elon Musk set to auction Twitter signs and...

August 10, 2023

Bailey urges Starmer to deepen EU ties to...

May 30, 2025

Labour to launch state-owned Great British Energy with...

July 18, 2024

Britishvolt factory site may go on sale again

February 23, 2024

What Could VR Do For Casino Business

August 16, 2022

7.4 Million UK Consumers Struggle to Pay Bills,...

April 10, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Horizon victim Lee Castleton sues Post Office and Fujitsu for £4.5m in landmark legal claim

      August 7, 2025
    • Bank of England expected to cut interest rates to 4% amid weakening UK economy

      August 7, 2025
    • OpenAI in talks over $500bn share sale, potentially surpassing SpaceX in value

      August 7, 2025
    • UK construction activity slumps to lowest level since Covid amid housing slowdown

      August 7, 2025
    • Getting to Know You: Stuart Davis, CEO & co-founder, Dubs Universe

      August 7, 2025
    • TSB brand under threat as £2.65bn sale to Santander approved by Sabadell shareholders

      August 7, 2025

    Categories

    • Business (8,697)
    • Investing (2,179)
    • Politics (16,329)
    • Stocks (3,228)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved