European markets ride oil tailwinds, but can they challenge Wall Street’s tech supremacy?

European equities are rallying as lower crude prices following the Iran ceasefire improve the regions near-term outlook, easing inflation and boosting corporate margins. While the STOXX 600 has hit record highs, investors remain unconvinced that the gains will trigger a lasting shift away from Wall Street, where AI-driven earnings growth continues to underpin stronger market performance.

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