European equities match S&P 500 year-to-date gains of 8 percent
European equities are drawing fresh inflows as investors diversify due to AI volatility.
The region’s year-to-date index gains are largely driven by AI-exposed sectors.
Around 90 percent of Europe’s index gains are from sectors like semiconductors and copper-linked metals, which represent about 15 percent of the index.
A supportive Brent oil price range of $70 to $90 is also seen as beneficial for European banks and commodity-linked sectors.