Print this article

Lazard Smiles On European, Japanese Equities In 2025

Amanda Cheesley

5 August 2025

As the US becomes less predictable, Ronald Temple, chief market strategist at New-York headquartered  – pondering the fallout from US tariffs and shifts in equity markets since the early spring – have been opting for European over US equities. They believe that European equities still offer more opportunities. “There are basically three aspects arguing in favour of European stocks: first; the aspect of diversification, second, cheaper valuations, and third, the higher share of cyclical corporations in Europe,” Vincenzo Vedda, global chief investment officer at DWS, said in a note. Vedda is also constructive on Japanese stocks. See more commentary here.