Investors Showing Clear Appetite for European Tech: UBS’s McCartney

The video discusses the European market's performance, highlighting its 25% growth and comparing it to the US market. It explores the lack of a strong technology engine in Europe and the resulting investment trends. The potential for European equity markets to become more investable is analyzed, considering valuation and banking sector challenges. The need for consolidation in European banks is emphasized, with a focus on cross-border opportunities and M&A as catalysts for strategic change.

What are the main reasons for the lack of growth in the European technology sector compared to the US?

How have European banks performed in comparison to global banks in terms of returns?

What factors are contributing to the current interest in consolidation among European banks?

What challenges exist for cross-border consolidation within the European banking sector?

In what ways can European banks address their cost base in a challenging macro environment?