JPMorgan Strategist Sees No Significant Central Bank Rate Hikes (eco.sapo.pt)

• Ward expects only one or two ECB rate moves, not the four markets currently price.
• Confident Iran conflict resolution soon; oil could drop to $80-90 per barrel.
• European growth: 'pause in optimism' but structural policy shifts are positive.
• European equities at 14x earnings offer value vs US at 21x.
• Technology investment in Europe is a growth driver.

"Karen Ward, European investment strategy head at JPMorgan Asset Management, does not expect central banks to significantly raise rates. She anticipates only one or two ECB moves, not the four priced in. She is confident the Iran conflict will resolve soon, allowing oil to fall back to $80-90 per barrel. Europe's growth outlook is in a 'pause', but structural policy changes are positive. She sees value in European equities and short-term bonds."