BBEU
JPMorgan BetaBuilders Europe ETF·Financial Services
77.52
0.373%(−0.29)
Market ClosedLast Updated: — ET
52W L: $64.5052W H: $79.61
JPMorgan BetaBuilders Europe ETF·Financial Services
Market Peers
European Union countries will face large bills for defence, energy and pensions in the next 15 years, the International Monetary Fund told EU finance ministers on Saturday, suggesting a mix of reforms, consolidation and joint borrowing as a way to manage that.
European shares moved higher on Friday as investors responded positively to signs of progress in peace talks between the United States and Iran, despite both sides continuing to disagree on several major issues. The pan-European STOXX 600 index rose 0.5% to 623.79 points by 0703 GMT and was on track to close the week with gains.
Europe-focused funds shed more than $1.5 billion over the past week alone, marking a 5th straight week of sustained withdrawals. With the STOXX Europe 600 trading at around 13.5 times earnings (forward), and failing to attract buyers despite a historical discount to US markets, investors are reassessing the region's equity risk premium.
"Europe doesn't realize exactly how dangerous it is to just rely on the American infrastructure," Bouygues CEO Olivier Roussat told CNBC on Thursday. Elon Musk's Starlink currently dominates the global satellite internet service, and its parent company SpaceX is planning to list on Nasdaq in what could be one of the biggest IPO ever.
The case for a European Central Bank rate hike in June is nearly sealed but the bank is likely to be noncommittal about any further move, looking to temper bets for a quick follow-up step in July, four sources told Reuters.
Contrary to what some Trump officials believe, Europe remains critical to our defense and, indeed, to securing the Free World. Therefore, the sudden, unexpected cancellation of a U.S. Army armor brigade's deployment in Poland raises a deeply disturbing question: Is Washington retreating from Europe?
