Goldman's bullish case on European stocks: investors are 'likely to become increasingly focused on US election risk, and less on risks in Europe.'
While equity markets globally will probably gain in 2020, Goldman Sachs makes a case for European stocks especially.
Also, investors are"likely to become increasingly focused on US election risk, and less on risks in Europe," Goldman wrote."For much of the past decade the US has significantly outperformed other equity markets, and for good reason," Peter Oppenheimer, chief global equity strategist and head of macro research in Europe at Goldman Sachs, wrote in a note on Monday.
"While profits typically tend to rebound sharply in the year following a strong valuation expansion, this is not our expectation for this year and next," he wrote."So long as the economic cycle continues to expand – and we expect it to – profits are likely to grow and equities should make some progress on balance through 2020 as a whole.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Europe stands by Iran nuclear deal for now, defying US calls to abandon itThe leaders of Germany, France and the U.K. have said they will stand by the Iran nuclear deal, for now, defying a call from U.S. President Trump to abandon the 2015 pact.
Read more »
Cruising Around Europe à la CarteF&W editor Melanie Hansche attempts a vacation with balance on the west Atlantic coast.
Read more »
Next stock market crash: Investor euphoria hits financial crisis level - Business InsiderA gauge of stock-market euphoria is surging past the highs it reached before the 2008 financial crisis — and it's convinced one Wall Street bull that a meltdown is near
Read more »
15 stock picks to buy during strong economy: exclusive Goldman metric - Business InsiderGoldman Sachs says these 15 stocks are poised to explode higher as the economy thrives, based on an exclusive metric it developed
Read more »
There’s Almost No Chance of a Recession This Year, Experts Say. Here’s Why.Investors entered 2020 with the financial markets heading higher and a lot of optimism about the economy. Here’s what our 10 panelists say.
Read more »
Dow Hits 29,000 For First Time, Despite Sluggish Jobs Report And Ongoing Tensions With IranThe stock market hit a new milestone on Friday.
Read more »