Reported 5 months ago
European shares are predicted to experience a temporary pause in the latter part of 2024 after a record-breaking run, with the STOXX 600 index expected to fall by 1.9% by the end of the year. However, fund managers and strategists anticipate a resurgence in 2025, with the index reaching new peaks by mid-year and year-end. Factors such as a recovering economy and the beginning of a rate-cut cycle are seen as driving forces behind this optimism, with the Euro STOXX 50 index expected to reach near-record highs. The European equities market is viewed as potentially less susceptible to significant corrections compared to Wall Street due to cheaper valuations and a more diversified market.
Source: YAHOO