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HSBC turns bullish on US equities citing earnings momentum as Europe ex UK faces fresh downgrades
Business
Published on 28 April 2026
A US upgrade arrives as Europe ex UK cools
HSBC has upgraded US equities to overweight from neutral, pointing to strong earnings momentum and easing geopolitical risks. At the same time, it cut Europe ex-UK to neutral, citing weaker activity and rising energy price risks. The broker also prefers sectors with lower commodity input costs, highlighting banks, insurance, and technology.
- HSBC upgraded US equities to overweight from neutral
- Upgrade is backed by strong earnings momentum and easing geopolitics
- Europe ex-UK was downgraded to neutral on weaker activity and energy risks
- Banks, insurance, and technology are favored for lower commodity costs
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times