European markets head for lower open as Middle East and data weigh on sentiment

European markets are heading for a lower open Thursday as investors weigh up the impact of the continuing crisis in the Middle East as well as earnings and economic data.Asia-Pacific markets saw a wide selloff, with Japan, South Korea and Hong Kong markets seeing losses of about 2% each. Those came after similar moves on Wall Street on Wednesday, as U.S. Treasury yields jumped to multiyear highs, with theEuro zone inflation came in at an annual 4.

In an Oct. 17 note, analysts at the global asset management firm pointed out that crowding is a"risk factor that is frequently mispriced because it is not easily observed." They added that crowded stocks are those made based on the consensus trades expected to have high returns and near-term stability.Piper Sandler named its"highest conviction" large-cap stock to own into the year-end, giving the stock roughly 20% potential upside from Monday's close.

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