RE: Ceiling this week?14 Feb 2025 17:58
"To us on the global equity strategy team we think that a cease fire in Ukraine would have a big sticker effect potentially on confidence as both the consumers and corporates know they are over the energy shock. It is also a reason for U.S. funds in particular to re-engage in Europe," says Garthwaite.
One big risk to its overweight Europe call is if across the board tariffs of 10% are imposed on Europe's exports to the U.S., and if China's economy deteriorates.
Still, UBS says buy these stocks which are cheaper and better than their peer group (U.S. listing tickers included if available). Essity (SE:ESSITY.B) (ETTYF), Schneider (FR:SU), Siemens (XE:SIE), Intesa Sanpaolo (IT:ISP) (ISNPY), Erste (AT:EBS) (EBKDY), Ryanair (IE:RYA), and Zalando (XE:ZAL) (ZLDSF). A Ukrainian cease fire basket also includes Stora Enso (FI:STERV) (SEOAY), easyJet (UK:EZJ) (ESYJY), Coca-Cola HBC (UK:CCH) (CCHGY), Wizz Air (HU:WIZZ) (WZZAF) and LPP (PL:LPP).