European equities carry a mildly constructive tone this morning — but conviction is thin and there's no strong directional consensus in published research.
One strand of recent analysis leans positive on European stocks, arguing that gradual central bank rate hikes have historically done little damage to the region's equities, unlike aggressive tightening cycles. The case rests on medium-term inflation expectations staying anchored and goods inflation continuing to ease. It's an implied, soft call — and explicitly conditional on central bankers moving slowly rather than forcefully.
A separate research view looks for a flat DAX open, pointing to the Fed decision and corporate earnings as the day's real drivers rather than any domestic catalyst.
On single names, the only stock flagged in today's research is Flatex DeGiro. Technical analysts argue it has entered a strong recovery rally since late last week, following a three-wave correction from its early-February all-time high, with fresh buy signals pointing to at least two upside targets.