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2024-06-10 21:57:35

Bank of America Securities Predicts European Equity Selloff as US Economic Data Weakens on Nostr: European Stocks Poised for Growth as European Union Shows Fiscal Responsibility ...

European Stocks Poised for Growth as European Union Shows Fiscal Responsibility
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#a9263a20 ver:0.13

European stocks are expected to reach record highs in 2024, with the Stoxx 600 Index projected to gain about 10%. Despite concerns about a slowing economy and weakening profits, some analysts see Europe's reasonable valuations and attractive pricing relative to bonds as potential factors for a rise in European equities. Hedge funds are increasingly betting on Europe as the next driver of the global equity rally, while mutual funds have also increased their allocations to European equities. The European Union's fiscal responsibility and the European Central Bank's reduction in interest rates could further boost the growth potential of European stocks. #EuropeanStocks #RecordHighs #Investing...

#newstr #EuropeanStocks #EuropeanUnion #FiscalResponsibility #InterestRates #Inflation #Gamestop #Stocks #DataCenters

https://here.news/story/a9263a20?ver=0.13
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