European equity research is split today, with the bullish and bearish cases landing on different corners of the market.
On the tactical side, some recently-published views frame the DAX as having further near-term upside, citing improving sentiment, lower bond yields, and early session momentum — with a move back above 25,500 flagged as the near-term target after a 1%+ morning gain. On single names, researchers point to Nordex as a standout after stronger Q3 preliminary results and a raised full-year guide. Eigstron is described as a potential recovery story following a sharp AI-fears-driven sell-off, while Rheinmetall's bullish case is explicitly conditional on breaking two technical resistance levels.
A more cautious thread of analysis flags surging Chinese exports of cars and AI electronics into Europe — plus the prospect of EU import quotas — as a structural headwind for European incumbents in those sectors.
Separately, a strategic constructive view on UK equities rests on stronger-than-expected GDP, AI-driven productivity gains in services, and a better supply-side outlook over one to three years.