European equities are catching a constructive bid, with published research this week flagging near-term upside for the DAX and select single names — even as analysts warn a US tech wobble remains the key tail risk.
Researchers point to strong overnight earnings from major US tech names as the catalyst lifting DAX open indications above 26,300. One thread of recent analysis argues euro area equities are being carried by AI momentum plus resilience in utilities and energy, with macro conditions still supportive — though the same work is explicit that a sharp US tech selloff could spill over and unwind those gains.
A longer-horizon view in the published research suggests European and other developed markets may outperform US equities over the coming decade, as regulation eases, capital repatriates, and years of underinvestment reverse.
On single names, analysts flag SAP as a likely beneficiary of positive read-across from US software earnings after lagging the prior session. Commerzbank has hit a decade high, with a conditional bullish technical call: a break of the next resistance zone would open further upside. Infineon is cited as a DAX standout riding AI and semiconductor momentum.