HSBC warns investors to avoid European stocks in the search for value
Fog shrouds the Canary Wharf business district including global financial institutions Citigroup Inc., State Street Corp., Barclays Plc, HSBC Holdings Plc and the commercial office block No. 1 Canada Square, on the Isle of Dogs on November 05, 2020 in London, England. Dan Kitwood | Getty Images News | Getty Images Investors should avoid allocating to Europe in the hunt for value stocks, as the continent's energy crisis means the risk-reward is still not there, according to Willem Sels, global CIO at HSBC Private Banking and Wealth Management. The macroeconomic outlook in Europe is bleak as supply disruptions and the impact of Russia's war in Ukraine on energy and food prices continue to stifle growth, and force central banks to tighten monetary policy aggressively to rein in inflation. related investing news Credit Suisse says buy stocks with this characteristic popularized by Warren Buffett Sarah Min 2 hours ago Is it time to buy Treasurys? Here's how to allocate your po...