According to Wall Street strategists, trade and geopolitical risks are unlikely to derail the ongoing rally in European stocks. The Stoxx Europe 600 Index is projected to reach approximately 557 points by the end of the year, based on the average forecast from 19 strategists surveyed by Bloomberg. This suggests a further 3% increase from Wednesday’s close, offering investors annual returns of about 10%.
— news from Bloomberg
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Goldman, Citi See Europe’s Economic Edge Extending Stock Rally
The perils of trade and geopolitics will only slow the rally in European stocks rather than derail it, according to Wall Street strategists. n nThe Stoxx Europe 600 Index is expected to end the year around 557 points, according to the average of 19 strategists polled by Bloomberg. That implies a further 3% advance from Wednesday’s close, handing investors annual returns of about 10%.