HSBC Weights European Stoxx 600 to 680
HSBC has increased its target for the European Stoxx 600 index to 680 points by the end of the year, up from its previous forecast of 670 points. This reflects stronger expectations for profit growth and improved corporate sentiment in the region, with forecasts for European company earnings growth revised to 15.6% in 2026 and 15.4% in 2027. The bank also raised its target for the UK’s FTSE 100 index to 11,390 points, representing an potential increase of 6.5% over current levels, amid diminishing concerns about the negative impact of geopolitical tensions on economic growth. The analysis emphasized the improved performance of European companies and their increased revenue from the domestic market, despite ongoing reliance on foreign sales.
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