Europe has returned to the largest private stock company in the world.
Stephen Schwarzmann at Financial Times said on Tuesday that Blackstone plans to go to a large degree in Europe, CEO and co -founder Stephen Schwarzmann of the Financial Times on Tuesday.
Swarzmann said that Blackston is planning to invest at least $ 500 billion in Europe over the next ten years, pointing to the “signs of change” on the continent, where the company’s current investments are about 350 billion dollars.
“European leaders have generally become more sensitive to the fact that their growth rates over the past decade have been very low and that they are not sustainable for them,” FT told FT.
“So they are looking to pressure the European Union regarding the standard cancellation. We believe that Europe has a possibility to do better than it was in the past,” he said.
Blackson’s financial tetin is increasingly behaving in Europe, not only because of the decrease in the company’s assessments compared to US peers or low financing costs, but also because of the increasing confidence in economic reforms in the region.
“We see it is a great opportunity for us,” Schwarzmann told Bloomberg Television on Tuesday.
Blackston’s positive comes in Europe, where the winds of change are blowing for the continent. European governments plan to enhance spending, especially in defense.
Germany, The largest economy in Europe has announced the infrastructure spending plans after years of conservative financial management.
Send the possibility of growth Stoxx Europe 600 9 % index this year. Germany Laxative The index increased by 20 % during the same period.
The optimistic opinion towards Europe contradicts pessimism at the World Economic Forum early this year. At the event in Davos, Switzerland, delegates delegated the aversion to the risks on the continent, the unemployed regulations, and the isolated markets.
“I don’t see Europe progressing enough, I see Europe still focus on searching too much,” Larry Fink, CEO of Blackrock, said at the conference.
In contrast, WeF participants praised the American economy in anticipation of the second term of President Donald Trump’s term, which they expected to enter into a pro -business climate.
However, Trump’s trade war is injecting uncertainty in the economic expectations of the United States and markets. the American stock market In the days after “Tahrir’s Day”, but since then she has regained all these losses.
The variable market dynamics also came amid a sale in American assets, including the dollar. Some analysts describe this “American sale” trade.
