The main bosses of Europe urge the continent to capitalize on recent volatility amid the hope that American exceptionalism will be decreasing, and Europe can collect.
From Unicredit to Goldman Sachs, the main European leaders told CNBC in exclusive interviews that Europe has a great opportunity ahead.
The numbers are part of the story, with Europe Stoxx 600 More than 8% compared to a 5% jump for S&P 500 Since November 1, 2024, only a few days before the United States elections.
Bank of America said in a June 5 report that US shares had seen exits of $ 7.5 billion during the previous three weeks, while European shares benefited from tickets of $ 2.6 billion during the same period. Earlier this year, meanwhile, Morningstar’s data showed that investors withdrew 2.8 billion euros ($ 3.2 billion) of ETFs of US capital in the month in mid -March, while changing 14.6 billion euros to ETF.
Goldman Sachs International Operations Director, Anthony Gutman, told CNBC that convergence in the growth rates of the United States and Europe quickly occurred this year and was a great factor to change money towards Europe.
“In January, the feeling felt very strong in the US. Made in Europe.
Meanwhile, in private markets, talk about the breakdown of American exceptionalism dominated the Super Return forum in Berlin last week. Carlyle Group’s managing director Mark Jenkins, told CNBC that “in Europe, we have seen many opportunities and we believe we can get greater returns here in relation to the risk that he is assuming in us”
This feeling echoed a private capital giant, which has private capital funds and credit vehicles that represent around 60 billion euros in capital under administration.
“If we look at Europe at this time, first of all, capital is cheaper, if you observe the tendency of where the euros rates are going compared to dollars, you can finance and finance cheaper things here. Secondly, Exanie Less” allows, can, “permsee,” Persey “, Persey”, President Kurt Björkl told CNBC’s Squawk Box.
“Thirdly, the innovation cycle is growing exponentically in Europe … there are a huge number of highly innovative companies that are growing in a disruptive and global way,” he added.
Commercial tensions weigh
All eyes now have the potential of a commercial agreement of the United EU-states, which is demonstrating to be more difficult to specify than with other countries, including the United Kingdom that refers to the complexity of the giant that the Strojada European Union, Siemens Energy Iser, toy, Caeser Toasert this type of agreements. “
However, the White House hinted on Wednesday that a deadline of July 9 for an agreement can be mobile, with the secretary of the Treasury, Scott Besent, saying: “It is very likely that for those counters they are negotiating blocks, in the case in the case of whom in the case of who in the case in the case of who is in the case of who is who is who is who is who is who is who is who is who is the one in the case. The case of who is in the case of who is who is who is who is who is who is the traction in the case of who is in the case of who is in the case of who is who is who is who is who is who is who is who he is.
The French president, Emmanuel Macron, also reached an optimistic tone, Karen Tso from CNBC on Wednesday: “I am sure we will find, at the end of the day, a good solution.”
However, the CEO of Unicredit, Andrea Orcel, emphasized that the opportunity for the continuous rebirth of Europe is in its own hands.
He explained that the European Union of 27 members could galvanize in the midst of the fracture of Europe’s relationship with the United States, but warned that investors can also be volatile.
The expectation is that “there will be convergence, there will be a banking union, there will be a union of capital markets. There will be a lot of infrastructure expense, in defense … that is exciting for the market, therefore, the money that flows,” Orcel told CNBC Wednennay. “But yes, little by little, investors realize that this is a lipstick, but it really does not happen. Money will flow in a nanosecond and see [that] Very fast. “
Europe faces a “phenomenal opportunity,” he added. “We have all the reasons to be … along with the United States, but it’s our fault if we don’t.”
