Goldman Sachs and JPMorgan Are Betting on the European Stock Market
- Global recovery to boost euro-area banks, resources companies
- U.K. stocks have most upside now that Brexit is out of the way
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Investor bets on a global economic bounce, which is fueling a recovery in stocks that have been left behind in the rally, signal good times for the European equity market in 2021.
Strategists from JPMorgan Chase & Co. to Goldman Sachs Group Inc. are bullish on the laggard market’s outlook. On average, the 24 strategists surveyed by Bloomberg are positive on European equities, seeing about 4% upside for the Stoxx Europe 600 this year, and 5% for the Euro Stoxx 50, compared with Wednesday’s close.