European equity research is leaning modestly bullish today, though most of the real recovery story is being pushed out to 2027 rather than the next few quarters.
The clearest constructive case is on EU banks: one strand of published analysis argues they trade at cheaper valuations than US peers and benefit from a steeper yield curve — a structural edge, not just a trade. On the macro side, researchers point to a Eurozone-wide growth pickup in 2027, with France singled out on improved competitiveness, AI and services strength, industrial recovery, and steady foreign investment — conditional on fiscal discipline pulling the deficit toward 3% of GDP. A separate view holds that European luxury is stalled rather than broken, with decade-low valuations in leading soft luxury names framed as a mispricing once Chinese demand steadies.
Tactically, some recent technical work flags Germany: a firm DAX open and Siemens Healthineers breaking key resistance. Notably, no meaningful disagreement across these European calls — all lean bullish.