Equities: Tech leadership returns as Oil swings – Danske Bank

FXStreet Insights Team FXStreet

Danske Research Team notes that European equities rebounded strongly, with Stoxx 600 up 2% and OMX Nordic nearly 3%, while US indices ended slightly lower. Tech and growth stocks outperformed value despite a modest rise in US 10‑year yields. The bank expects the tech comeback to continue, though ongoing Oil price volatility could still test this leadership.

Growth and tech outperform value again

"European equities rallied yesterday, with Stoxx 600 up 2% and OMX Nordic nearly 3%, more than recouping Monday's losses."

"Within equities, tech leadership continued, and growth/momentum stocks did particularly well."

"This is interesting, as it is a trend shift from most of this year, with value outperforming growth with almost 10% YTD before the Iran attacks."

"Tech comeback is likely to continue today following a strong set of earnings from Oracle."

"As such, the recent tech appetite will be tested; whether Iran was a temporary distraction from the AI disruption theme or if this new leadership can be sustained."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

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