Goldman Sachs predicts European STOXX 600 to soar with lower rates in store at the ECB ...Middle East

Goldman Sachs' analysts have lifted their 2024 forecast for the European STOXX 600 index to 500GS cite their expectation of a boost from lower European Central Bank interest rates:Goldman Sachs forecasts first rate cut from European Central Bank (ECB) in April 2024,and say that the index will rise despite weaker growth expected and market concern of capex and China. "We find that lower inflation combined with lower rates is typically associated with modestly higher valuations," "On average, since 1973 European equities have delivered 7% real per annum price returns in an environment of 1-3% inflation and falling." This article was written by Eamonn Sheridan at www.forexlive

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