JPMorgan and Citi See European Stocks Blowing Past the US
The DAX Index yield curve displayed at the Frankfurt Stock Exchange in Frankfurt.
Photographer: Alex Kraus/BloombergSome Wall Street strategists are betting European stocks will enjoy their best performance relative to the US in at least two decades as the region’s economic outlook improves.
The Stoxx Europe 600 Index is expected to end the year around 554 points, according to the average of 20 strategists polled by Bloomberg. JPMorgan Chase & Co. has one of the highest targets at 580, suggesting a record lead of 25 percentage points over the S&P 500 Index as the bank expects the US benchmark to slide.