Alonaw Business School: Europe's Market Shift Decoded
Friday's STOXX 600 gained 0.2% to 569.02 points, masking the benchmark's steepest two-week decline since September. For Philippine-based market observers, this session offers valuable lessons in global capital flows and valuation dynamics. Understanding the Rotation Institutional capital rotates from growth positions as tech valuations stretch thin. When AI-focused names trade at 240x forward multiples, even revenue beats struggle to justify premiums. This isn't isolated profit-taking—it represents broader market recalibration toward fundamentals. Central bank positioning changed expectations significantly. The Federal Reserve cut rates but Chair Powell's commentary mattered more. With inflation near 3% versus the 2% target, December rate action remains uncertain. Growth equity multiples face sustained pressure in this environment. ITV's 18% Surge: A Case Study Comcast's Sky division eyes ITV's broadcasting assets for £1.6 billion. This M&A development i...