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UK stocks are set to outpace their European peers, according to some of Wall Street’s biggest institutions, with the London market viewed as better placed to weather the fallout from US president-elect Donald Trump’s plans for sweeping trade tariffs.
Investment banks Goldman Sachs and Société Générale and fund managers BlackRock and JPMorgan Asset Management are among firms that believe UK equities are likely to continue a recent run of outperformance of Eurozone stocks.
The FTSE 100 index has gained 0.4 per cent since the end of September, when a so-called Trump trade based on bets on a victory for the Republican candidate started to take more of a hold on global markets. The Euro Stoxx 50 index of large Eurozone companies has lost 4 per cent over that period.
“The UK will be hit by a trade war but…
