JPMorgan, UBS See Little Stock Upside Left in Europe This Year
The Euronext NV stock exchange in the La Defense business district in Paris.
Photographer: Nathan Laine/BloombergLooming downgrades to over-optimistic earnings expectations mean European stocks will struggle to rise further this year, according to strategists surveyed by Bloomberg.
The Stoxx Europe 600 Index will finish 2026 about 1% above Wednesday’s close, at 623 points, according to the average of 17 forecasts. The index has largely clawed back its Iran-war driven losses, but strategists said the bounce looks hard to sustain as the full effects of higher energy costs are yet to be felt.