The bank forecasts the pan-European stoxx 600 index will rise to 415 points by March next year.An employee talks on the phone as he views trading screens at the offices of Panmure Gordon and Co.European equities could jump 6% over the coming months, according to Bank of America Merrill Lynch's latest report.index will rise to 415 points by March next year. Currently, the stoxx 600 is trading at 395, up more than 16 percent year-to-date.
"Euro area and U.S. September PMIs were weak last week, consistent with negative GDP growth in both regions. However, we expect growth momentum to improve over the coming months," the report said Tuesday. In analyzing the upside for European equities, the report highlights that the U.S. has been the main external drag on the euro area, due to the sharp decline in PMIs, as opposed to China where the data has risen to highest level since early 2018.
"U.S. growth momentum has suffered from USD headwinds, but the USD is now set to become a tailwind," the note said, adding that the risk of a recession in the U.S. remains low. The bank also expects European cyclical stocks to outperform defensive stocks by 5% in the months ahead. Meanwhile, in terms of sectors, BAML remains overweight on European airlines, mining firms and banks. But it remains underweight on European consumer durables and utilities.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks This Week: Buy Sun Trust Banks And WeyerhauserHere are a pair of stocks that are likely to rally over the near term. What's the rich with money done for me yet all they do is grease the palms of government tired of the only answer bailing out corporations when's the stock market plunges and we go in depression Empty tweet.
Source: Forbes - 🏆 394. / 53 Read more »
Stocks end higher as Apple leads tech rallyStocks finished higher Monday, ending the month and third quarter on a positive note as shares of Apple Inc. led gains for technology shares. Trump... How about Amazon stock
Source: MarketWatch - 🏆 3. / 97 Read more »
What’s Coming to Amazon in October 2019October, the spookiest month of the year, is here and Amazon has updated its slate of movie and television offerings accordingly. “The Babadook,” the indie Australian movie that’s the stuff of nigh… Universal Stock Merger DIV: {-$17,064.34}
Source: Variety - 🏆 108. / 63 Read more »
Kanye West’s ‘Jesus Is King’ Documentary Film Coming Next MonthAs part of the unusual rollout of Kanye West’s forthcoming album “Jesus Is King” — which is apparently now being released sometime today — IMAX announced that it is releasing a companion film of th… kanyewest he made jesus famous kanyewest Can't wait. kanyewest I’m so done.. but hey.. yall can have it.. I guess Gospel does it.. so I guess Kanye can too.. Just use religion as a brand not a faith.. Funny.. just wait until that property in Wyoming pops up with Domes & crazed fans huddled in there.. It’s a damn shame.. FalseProphets
Source: Variety - 🏆 108. / 63 Read more »
European markets seen lower amid US-China trade tensionsEuropean stocks are set to open slightly lower Monday morning, amid reports the U.S. is considering imposing investment curbs on China. Our mission at is to build the social media platform that ends fake news U.S. Treasury Says No Plans to Block Chinese Listings ‘at This Time’I hope CNBC stops to create panic in the market .
Source: CNBC - 🏆 12. / 72 Read more »
European markets seen slightly higher amid hopes over US-China trade talksEuropean stocks are set to open slightly higher Tuesday morning, as some market participants remain hopeful about the possibility of a breakthrough in upcoming U.S.-China trade talks. America has been carrying Europe since ww2.. Didn’t “trade tension” drive European markets lower yesterday? Just fess up...CNBC doesn’t have a clue what’s going on and just writes clickbait headlines Lol 😂 same permabullshit headlines day after day after day ad Infinitum
Source: CNBC - 🏆 12. / 72 Read more »