Goldman Sachs and Barclays Strategists Raise European Stock Index Targets
On June 19, a Bloomberg survey indicated that the peace agreement between the U.S. and Iran has improved the outlook for European stock markets in the second half of the year, prompting several strategists to raise their year-end targets. Goldman Sachs, Barclays, and Société Générale have all revised their forecasts upward. The latest survey, involving 16 strategists, shows that the European Stoxx 600 index is expected to close at 640 points by the end of 2026, matching its most recent historical high. However, some sectors in the market have yet to recover from pre-war prices. Some respondents noted that this provides further room for market growth, as investors may position themselves for an economic recovery through sector rotation.
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