Goldman and Citi See Europe’s Economy Powering Stock Rally
European stocks have posted moderate moves since mid-May.
Photographer: Nathan Laine/BloombergThe perils of trade and geopolitics will only slow the rally in European stocks rather than derail it, according to Wall Street strategists.
The Stoxx Europe 600 Index is expected to end the year around 557 points, according to the average of 19 strategists polled by Bloomberg. That implies a further 3% advance from Wednesday’s close, handing investors annual returns of about 10%.