The Globe and Mail reports in its Friday edition that beaten-down European stocks are luring investors back after a record underperformance against Wall Street in 2024, as fears about U.S. economic shocks under incoming president Donald Trump boost the appeal of international markets. A Reuters dispatch to The Globe says Amundi, Europe's largest investor, said on Wednesday it had "turned constructive on Europe" because the effect of trade war fears on valuations was exaggerated. Funds that invest in European equities have also just recorded their first weekly net inflow since October, Lipper data showed, after several big banks this week tipped the market for a 2025 turnaround. The STOXX 600 index of blue-chip European shares has lost 0.7 per cent this month but outperformed the U.S. S&P 500, which has dropped nearly 3 per cent on fading hopes for U.S. interest-rate cuts and policy uncertainty. Barclays on Wednesday said the European market's "risk-reward" profile was improving, citing "emerging anxiety around Trumponomics." Deutsche Bank and Citi this week forecast double-digit returns for the STOXX this year, while Goldman Sachs said the market's lowly valued companies were likely takeover targets.