Amid concerns over US policies and the impact of tariffs, investors are shifting their focus to Europe, with Euronext experiencing increased activity in the region. CEO Stéphane Boujnah highlighted the trend of funds moving from the US to Europe, driven by expectations of heightened government spending and a reassessment of the US market by investors.

The Trump administration’s policies have led to significant market volatility, prompting a reevaluation of investment strategies. Boujnah emphasized the changing landscape in the US, making it a less attractive investment option for European companies. This shift has resulted in European stocks outperforming their US counterparts, fueled by fears that tariffs could hamper growth in the American economy.

The prospect of a trade war with the US has raised concerns about negative repercussions for both sides. However, the influx of funds into Europe has been expedited by the anticipation of substantial stimulus measures. Germany, for instance, was set to vote on legislation unlocking a substantial amount of funding for defense and infrastructure projects, signaling a move towards a more expansive fiscal policy.

Boujnah expressed optimism about the future of European equities, citing the region’s affordability and the potential for further growth. He also anticipated a resurgence in initial public offerings (IPOs) and noted a shift in plans for some companies considering listing in the US. For example, Stada Arzneimittel AG postponed its IPO due to market volatility, reflecting the cautious approach adopted by firms in response to the current market dynamics.

The evolving investment landscape underscores the attractiveness of Europe as a destination for capital, driven by favorable economic conditions and government initiatives. As investors navigate the uncertainties in global markets, Euronext remains a key player in facilitating investment opportunities and capital flows within Europe.