Why does Karen Ward believe now is a good time to buy European stocks?

Karen Ward believes now is a good time to buy European stocks because investors' entrenched aversion has made them relatively cheap, especially as oil prices fall back to pre-war levels and the AI-driven gains in US and Asian markets have left Europe undervalued; she sees the fading 'Iran problem' and falling oil prices as catalysts that will 'unleash' the European equity story.

What sectors does Karen Ward favor in European equities, and which ones does she caution against?

Ward favors sectors poised to benefit from a 'global industrial uplift'—specifically financials, industrials, and chemicals—while cautioning against legacy big companies in the auto and pharmaceutical sectors.

JPMorgan’s Ward Says Falling Oil Can Unleash European Stocks

Jun 17, 2026

JPMorgan strategist Karen Ward recommends buying European stocks as falling oil prices and geopolitical easing create opportunities, favoring chemicals and industrials sectors.

bloomberg

2026-06-17

JPMorgan’s Ward Says Falling Oil Can Unleash European Stocks

JPMorgan’s Ward Says Falling Oil Can Unleash European Stocks

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