GK and monthly revision

European markets ride oil tailwinds, but can they challenge Wall Street’s tech supremacy?

European markets are experiencing a rally due to lower crude oil prices following a ceasefire in Iran, which is expected to ease inflation and enhance corporate profitability in the region. The STOXX 600 index has reached record highs, indicating a positive shift in investor sentiment. However, doubts remain about whether this momentum can challenge the dominance of Wall Street, where AI-driven earnings continue to fuel stronger market performance. This situation highlights the ongoing competition between European and American markets in the context of global economic recovery.