Yes, 2025 is likely to be a record year for EU equities funds inflows (according to BofA/EPFR, +$110bn inflow annualized, which will be the biggest since '15).
But despite all the US bashing, it could be a very strong year for US equities inflows as well. Indeed, US equities funds are on course for $416bn inflow, the 2nd biggest year ever... Source: BofA, EPFR
Breaking news:
The UK and EU have agreed a historic post-Brexit reset of ties ahead of a summit in London on Monday, officials said - link to FT article >>> https://lnkd.in/ea6m_PnK The UK and EU have agreed a historic post-Brexit reset of relations after a “late breakthrough” in overnight talks ahead of a summit in London on Monday, officials on both sides said. The UK agreed to open its fishing waters for 12 more years to EU boats — a move that will be condemned by the opposition Conservatives — according to Brussels officials. In return, UK Prime Minister Sir Keir Starmer has secured a veterinary deal that will remove much red tape for British farming and fisheries exports to its biggest market, in a much-sought economic prize of the “reset” talks. Three EU diplomats confirmed Brussels had dropped demands to link the duration of the agrifood deal to the one for fish, while British officials confirmed that a deal on the two issues had been done. Both sides were locked in intense haggling through the night over key details of their revamped relationship, including on fisheries and food trade, along with wording about a proposed youth mobility scheme. Source: FT
Rising smoke is coming out from Bundestag (image courtesy from HolgerZ on X))
German Lawmakers back CDU/CSU's Merz in 2nd Bundestag vote w/325 votes out of 630 lawmakers. ✔️ Friedrich Merz was elected as Germany’s chancellor in a second-round parliamentary vote on Tuesday, after failing to secure the necessary support earlier in the day. ✔️Merz needed at least 316 of the 630 members of parliament to vote in his favor. He received 325 votes. ✔️The German Dax stock market index pared losses after the result of the second vote
The recent outperformance of european vs. US equities in context
Source: Michel A.Arouet, @Augur Infinity
German benchmark index Dax slips, as Merz falls short of majority in initial German parliament vote.
Friedrich Merz failed to be elected German chancellor Tuesday, after he fell short of securing a majority in a shock first-round parliamentary vote. Merz needed at least 316 votes to become chancellor and only 310 members of parliament voted in his favor. Germany’s Bundestag has a total of 630 members. The result marks an unanticipated setback for Merz who was widely expected to secure the necessary votes and be officially sworn in later in the day. After the result of the vote was announced the parliamentary session was halted to allow for discussion of next steps. The German Dax stock market index extended losses to trade around 1.4% lower by 10:07 a.m. London time. A second vote needs to take place within 14 days, according to the German constitution, with an absolute majority needed once again. There are also protocols in place in case the second vote also fails to elect a chancellor. Source: CNBC, Bloomberg, HolgerZ
SOLAR UPGRADE: NEW PANELS ARE 1,000X STRONGER, THINNER THAN A HUMAN HAIR
Scientists in Germany just cooked up a solar panel sandwich that makes today’s tech look like a flip phone. By stacking ultra-thin layers of exotic crystals, they created solar cells 1,000 times more powerful than silicon—and way more durable. These featherweight panels don’t even need complex wiring and could someday power cities using way less space, money, and sunlight. Source: Bright Side of News, Mario Nawfal on X
European equity markets are still doing well
Source: J-C Parets
🔴 EU airlines saying they’re going to start buying Chinese planes instead of American planes…
▶️ The boss of Ryanair has threatened to cancel orders with American aircraft maker Boeing and buy from Chinese manufacturers instead if Donald Trump’s trade tariffs push up costs. ▶️ In a letter to top US lawmakers, Michael O’Leary criticised Washington’s trade war with Beijing and warned that a “material” impact on the price of aircraft could prompt his company to take its business elsewhere. ▶️ The Irishman said Ryanair could even turn to state-owned Commercial Aircraft Corporation of China (Comac), a threat sure to anger Mr Trump, who has made isolating China a key aim of his trade war. ▶️ Ryanair, the largest carrier in Europe, is currently waiting on the delivery of 29 Boeing 737 Max 200 planes, out of a total order of 210. It has also ordered 150 Max 10 jets, the largest in the 737 family, for delivery from 2027 with the option of another 150 afterwards. Source: Yahoo Finance
