financetom
World
financetom
/
World
/
Goldman Sachs raises 12-month STOXX 600 forecast
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Goldman Sachs raises 12-month STOXX 600 forecast
Feb 13, 2025 11:28 PM

(Reuters) - Goldman Sachs raised its 12-month price forecast for Europe's STOXX 600 index on Friday, citing factors such as lower risk premium, reduced energy prices, improved consumer confidence, and stronger economic growth as the key drivers.

The brokerage raised its forecast to 580 from 540.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Lower iron, nickel and copper prices weigh on Vale's quarterly earnings
Lower iron, nickel and copper prices weigh on Vale's quarterly earnings
Apr 24, 2024
SAO PAULO/RIO DE JANEIRO, April 24 (Reuters) - Brazilian miner Vale on Wednesday said lower prices for iron ore, nickel and copper in the first quarter dragged down earnings compared to the year before, as it posted net profit slightly below analyst estimates. Vale, the world's no.2 producer of iron ore, posted a $1.7 billion net profit for the quarter...
MORNING BID ASIA-Japan's FX no-show, Meta plunges
MORNING BID ASIA-Japan's FX no-show, Meta plunges
Apr 24, 2024
April 25 (Reuters) - A look at the day ahead in Asian markets. The depreciation of Asian currencies against the U.S. dollar, and the steps monetary authorities may take to prevent further weakness, dominate the market landscape across Asia on Thursday as the Bank of Japan gets its two-day policy meeting underway. The regional economic data highlights include South Korea's...
Morning Bid: Japan's FX no-show, Meta plunges
Morning Bid: Japan's FX no-show, Meta plunges
Apr 24, 2024
(Reuters) - A look at the day ahead in Asian markets. The depreciation of Asian currencies against the U.S. dollar, and the steps monetary authorities may take to prevent further weakness, dominate the market landscape across Asia on Thursday as the Bank of Japan gets its two-day policy meeting underway. The regional economic data highlights include South Korea's first quarter...
Stocks hit by tech slump; yen flails at intervention zone
Stocks hit by tech slump; yen flails at intervention zone
Apr 24, 2024
SINGAPORE (Reuters) - Asian stocks fell on Thursday as disappointing earnings forecasts from Facebook parent Meta Platforms hammered tech shares, while the yen's slump past 155 per dollar for the first time since 1990 raised the spectre of intervention from Tokyo. A 15% dive in shares of Meta in extended trading after the Instagram parent forecast lighter-than-expected current quarter revenue...
Copyright 2023-2026 - www.financetom.com All Rights Reserved