European shares will rise modestly by the end of the year thanks to central bank rate cuts, according to strategists polled by Reuters who were nevertheless cautious on their outlook for the region’s biggest companies.
The STOXX50E (.STOXX50E), opens new tab euro zone blue chip index is up over 7.7% since the start of this year and will gain another 3.4% from Monday’s close of 4,871.41 to 5,038 by end-2024, according to the median forecast in the August 8-20 Reuters poll.
Source: REUTER
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