Barclays strategists say the European market, where buy-back activity is strong, is an attractive alternative for investors looking to diversify their investments outside of artificial intelligence transactions. A research team led by Emmanuel Kau wrote that Europe's macroeconomic environment is “surprisingly resilient,” and favorable economic data continues to increase. The strategist added that oil prices in the $80 to $90 range “are still manageable, and this in itself does not constitute an energy shock.” They pointed out that next week, the region will publish a purchasing managers' index to determine “whether this economic growth resilience continues to consolidate; at the same time, it will focus on the consumer price index, and the market expects the ECB to raise interest rates in September.”

Barclays strategists say the European market, where buy-back activity is strong, is an attractive alternative for investors looking to diversify their investments outside of artificial intelligence transactions. A research team led by Emmanuel Kau wrote that Europe's macroeconomic environment is “surprisingly resilient,” and favorable economic data continues to increase. The strategist added that oil prices in the $80 to $90 range “are still manageable, and this in itself does not constitute an energy shock.” They pointed out that next week, the region will publish a purchasing managers' index to determine “whether this economic growth resilience continues to consolidate; at the same time, it will focus on the consumer price index, and the market expects the ECB to raise interest rates in September.”