Prepared by Christoph Berger and Thomas Grillenberger from Allianz Global Investors, this Q2 2025 report examines the outlook for European equities amid rising global trade tensions and recession risks.
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Market Impact: Harsh US tariffs have ended Europe's 2.5-year bull market, triggering a sharp correction and heightened recession fears.
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Strategic Outlook: Elevated volatility is expected to persist; defensive, high-quality sectors are favored over tariff-exposed industries.
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Valuation Perspective: Lower valuations and negative sentiment may present selective entry points for long-term investors.
Access the full report to explore detailed sector views, valuation analyses, and investment strategies for navigating Europe's evolving market landscape.
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