According to @CNBC, Deutsche Bank upgraded its view on European equities to positive versus the U.S., signaling a relative overweight to Europe against the U.S. in cross-regional allocation (source: CNBC). This relative call highlights the Europe–U.S. performance spread as a key watch for rotation between major regional benchmarks and sector leadership in the coming sessions (source: CNBC). For crypto, Bitcoin and equities correlations have risen meaningfully since 2020, so traders may monitor European risk sentiment for spillovers into BTC and ETH during EU trading hours (source: IMF). Any sustained shift in risk appetite between Europe and the U.S. following the upgrade reported by @CNBC could influence crypto beta via the correlations documented by the IMF (source: CNBC and IMF).