(Bloomberg) -- Rising profits will lift European stocks to new records by mid-2025, according to Citigroup strategists, who expect the STOXX 600 to rally 11%...
-- Rising profits will lift European stocks to new records by mid-2025, according to Citi group strategists, who expect the STOXX 600 to rally 11% to 580 points after an already solid run this year.Investment Bank Moelis Probes Incident After Video of Employee Appearing to Punch WomanThe pan-European index is up 9% year-to-date after breaking into unchartered high levels in May, with the tech, banking and healthcare sectors leading the gains.
In terms of sectors, Citi continues to favor tech, industrials and health care and raises its recommendation for travel and leisure. Its analysts remain cautious cautious on autos, telecoms and utilities, while it cut its rating for construction materials.Is There Room for Common Ground on Congestion Pricing?
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