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German dealmaking activity is expected to see the strongest revival in Europe due to a new €500b government fund for infrastructure and climate projects. European executives, including those in Germany, are more optimistic about dealmaking, with Germany becoming a hotspot for initial public offerings.
“It’s too early to call for a European victory and an end of US exceptionalism,” said Thorsten Zahn, head of equity capital markets for German speaking region at JPMorgan. The Germany-led recovery of European stock markets is “mainly spurred by hedge funds, technical investors and stubbornly good macro economic data,” he said.
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