B · Normal
[Citi strategist: The increase in European profit expectations is a positive signal] On October 19th, Citigroup strategists said that as analysts continue to raise profit expectations at an unusually strong rate ahead of the earnings season, there may be room for further gains in European stock markets. Historically, this is usually a positive medium-term signal for European stock markets, especially cyclical stocks. The Stoxx Europe 600 Index is expected to grow by 26% in the third quarter, an increase of 8 percentage points from the expected growth rate in recent months. Citibank noted that share prices have priced in expectations for further rating upgrades, raising the bar for gains during the earnings season.
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