Core Viewpoint - Emerging market stocks and Chinese stocks appear more attractive in terms of valuation compared to U.S. stocks, which are considered overvalued by the analyst François Rimeu from French mutual credit asset management company [1] Summary by Category Valuation Analysis - U.S. stock valuations have been driven up, leading to limited upside potential even under optimistic earnings forecasts [1] Investment Preference - The company shows a preference for investing in stocks, particularly in emerging markets and Chinese stocks [1]

Core Viewpoint - Allianz Global Investors' CEO Tobias C. Pross stated that European stocks are "relatively cheap" based on price-to-earnings ratios, while U.S. stocks are overpriced. Asia is also seen as a potential safe haven [1] Group 1 - The U.S. is re-evaluating its relationship with Europe, which is beneficial for Europe in terms of defense spending [1] - It is not expected that investors will sell off U.S. bonds or stocks, but a reduction to normal levels is possible [1]

美国银行：数据显示，美国股票资金连续第二周流出，欧洲股票资金连续第七周流入。 ...