As far of growth in European markets is concerned in 2018, Citigroup strategist are boldest in their predictions, expecting the Stoxx 600 to reach more than €460. This is an increase of over 16%. According to Citi, European stocks have been underestimated throughout the 2009 period. If the promotion happens, it will also be the best indicator for the region than the US over the past 13 years. The bank's expectations are that the profits of the companies in the region will rise by 15%, which will help the producers oriented mainly to export to overcome the strong euro.
Citi strategies have been particularly bullish over the past years, but have not yielded the expected results. For comparison last year the forecasts were for growth of 15%, but the real index only realized 7.7%.
Source: Bloomberg Pro Terminal
Jr Trader Petar Milanov
Read more:
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.