Here’s Why Some Say European Stock Markets May Have Bottomed
- Credit Suisse raises equities to “small overweight” after rout
- Stocks set to bottom before the end of the pandemic: Amundi
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While it’s only possible to know that stocks have hit a bottom by looking in the rear-view mirror, a number of market participants in Europe are pointing out signs one was hit after a 38% rout in the region’s benchmark.
Credit Suisse Group AG raised stocks to “small overweight” following its investment committee meeting on Wednesday, while Norway’s $945 billion sovereign wealth fund is set to buy equities after the market rout decimated its stock holdings.