Stock Bulls Tell ‘Compelling Story’ as Europe Trounces US
Strategists see further gains as Stoxx 600 gets a boost from spending, rate cuts
This article is for subscribers only.
The perils of trade and geopolitics have failed to derail one of the best trades this year in global markets — buying European stocks. Wall Street says the rally has further to run.
Strategists see the Stoxx Europe 600 Index ending the year around 557 points, according a Bloomberg News poll. That implies a 3% advance from Wednesday’s close, handing investors annual returns of about 10%.