Goldman Sachs Slashes STOXX 600 Forecast Again Amid Tariff Uncertainty and Strong Euro
Wall Street giant warns of further earnings downgrades for European companies as trade tensions, currency pressures, and sectoral slowdowns weigh on investor outlook Goldman Sachs has lowered its 12-month forecast for Europe’s STOXX 600 index for the second time in April, citing growing concerns over U.S. tariffs, the euro’s sharp appreciation, and deteriorating earnings momentum. The brokerage now expects the pan-European index to reach 520, down from an earlier revised projection of 570 — and sharply below the initial 580 forecast issued earlier this month. The downgrade reflects mounting headwinds for corporate Europe, with Goldman projecting a 5% year-over-year decline … Continue reading Goldman Sachs Slashes STOXX 600 Forecast Again Amid Tariff Uncertainty and Strong Euro
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