Today on the show, we take a look around the global markets as we check in with Fidelity International Investment Director Tom Stevenson. With the recent rally of the FTSE 100, UK’s leading stock market index, Tom breaks down what the upswing could mean for European markets and investors. He points out UK's market is currently attractively valued compared to the US, with a price-to-earnings ratio of about 12 compared to 20 in the US. Tom adds the decline in the pound's value benefits UK companies, contributing to the recent rise in the FTSE 100. He adds valuation of the UK stock market is relatively cheap, attracting investors who see potential value despite economic differences with the US. Tom also touches on China’s changing consumer landscape, Japan’s economic activity and his overall thoughts on the UK’s bullish market.

Recorded on April 24th, 2024.

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