Citi and SocGen Say the Best of Europe’s Stock Rally Is Over

European stocks will struggle for further material gains this year as risks like US-China trade tensions hobble sentiment, according to strategists including those at Citigroup Inc. and Societe Generale SA.

A Bloomberg survey of 18 strategists found the Stoxx Europe 600 Index is expected to trade at an average of 560 points by year end. That’s unchanged from last month’s poll and implies a drop of about 1% from Wednesday’s close. Societe Generale suggests the benchmark could drop to 530, while Citi has a projection of 570.