Jefferies analysts say European equities warrant reappraisal given the
continent’s technology strengths. Higher social acceptance of AI in many
European countries than in the US could allow Europe to capture AI-driven
productivity gains; Europe’s large financial and industrial sectors should
benefit from reforms aimed at encouraging investment. Heavy European investment
in Africa gives listed European companies direct exposure to African growth.
Jefferies sees these factors as a credible diversification case for investors.
