Goldman, BlackRock Warn Europe’s Stock Rally Faces Tough Hurdles
- Fund managers see pressure from dim earnings outlook, US vote
- Jury is out on growth impact from China’s stimulus policies
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European stocks face a series of hurdles to extend their 2024 rally after hitting another record high this week.
Money managers at Goldman Sachs Group Inc., BlackRock Inc. and Northern Trust Asset Management warn investors should be prepared for mounting risks from the region’s lackluster economy and its impact on corporate earnings. The US elections are adding an extra layer of uncertainty.