When Ursula Met Donnie

Love story

One phone call does not make it into a Hollywood rom-com, but the market this morning seems smitten. While few believe there’s real love blossoming between Trump and von der Leyen, investors are clearly continuing to buy into the European bull story. European equities continue their comeback tour, supported by accelerating inflows. Cynics may roll their eyes—but for now, love for Europe continues to be in the air.