Goldman, BofA Say European Stocks Rally in 2023 Is Mostly Done
- Stoxx 600 Index is seen with no upside left this year: survey
- Strategists warm to better year than initially expected
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This year’s extension of the powerful European equities rally leaves limited room for more gains, according to strategists.
After making its best ever start to a year, the Stoxx 600 Index will end 2023 at 452 points, according an average response in the Bloomberg survey of 19 market forecasters, implying a 1.2% drop from Wednesday’s close. That’s even after several investment banks raised their view since last month’s poll, including those at Goldman Sachs Group Inc. and Barclays Plc.