Christine Lagarde, President of the European Central Bank or ECB
ECB President Christine Lagarde.
  • Equities in the euro area have risen more than their US peers for months. "We don't see the outperformance lasting," BlackRock Investment Institute says. 
  • The market is shifting focus on sticky inflation and the ECB's fight against it. 
  • The S&P 500 this year has gained about 5% while German and French stocks are up in the 14% area. 

European monetary policymakers look ready to extend their fight against what their leader calls "monster" inflation, and BlackRock Investment Institute says such action will eventually shut down the outperformance of European stocks over those in the US.