Marcus Ashworth, Columnist

Euro Equities Have Lost Their Va-Va-Voom

April 28, 2026 at 4:00 AM UTC

Marcus Ashworth is a Bloomberg Opinion columnist covering European markets. Previously, he was chief markets strategist for Haitong Securities in London.

Antonio Guterres, UN secretary-general, center, with leaders from the EU in Brussels last month. — Antonio Guterres, UN secretary-general, center, with leaders from the EU in Brussels last month.
Photographer: Simon Wohlfahrt/Bloomberg

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European stocks started the year much stronger than their US peers but the tantalizing prospect of the euro area clawing back some of its persistent gap in earnings growth, and the higher company valuations that come with it, looks to have slipped through its grasp again.

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