According to @business, strategists at Citi and Société Générale expect European equities to struggle for further material gains in 2025 as risks such as US-China trade tensions weigh on sentiment, signaling a cautious outlook for additional upside in the region’s stock rally. Source: Bloomberg (@business). The guidance implies traders should anticipate range-bound behavior and heightened sensitivity to macro headlines when positioning in European equity indices and sectors, with risk management focused on news flow tied to US-China trade. Source: Bloomberg (@business). For crypto, cross-asset risk-off episodes linked to equity weakness have historically coincided with stronger return co-movements between BTC, ETH and major stock indices, making European sentiment a relevant input for crypto volatility and positioning. Source: International Monetary Fund, Crypto Prices Move More in Sync With Stocks (2022).