WS #16570
European equity markets are trading lower as the US tech selloff weighs on sentiment, yet defensive sectors and specific corporate earnings are providing pockets of resilience. Sanofi and Capgemini have raised full-year guidance, demonstrating strong demand in healthcare and IT services. Meanwhile, the Bank of Japan held interest rates steady, with the Governor noting that the 2% inflation target is not yet sustainably achieved, signaling that global monetary easing remains on hold and supporting the yen.
European Macro and Defensive Strength
European equity markets are trading lower as the US tech selloff weighs on sentiment, yet defensive sectors and specific corporate earnings are providing pockets of resilience. Sanofi and Capgemini have raised full-year guidance, demonstrating strong demand in healthcare and IT services. Meanwhile, the Bank of Japan held interest rates steady, with the Governor noting that the 2% inflation target is not yet sustainably achieved, signaling that global monetary easing remains on hold and supporting the yen.