According to the latest Reuters poll of 27 brokers, fund managers and analysts, conducted between Nov. 19-26, the European equity markets are expected to move in a tight range going into the year-end and throughout 2019 amid slowing global growth, political risks and the US‘ protectionist policies.
Key Findings:
“The Euro STOXX 50 index of top companies is expected to reach 3,250 points by the year-end, 2.4 percent above Tuesday’s close of 3,172 points but down 7.2 percent on the year.
The latest forecasts are weaker than in the previous August poll, which forecasts the STOXX 600 climbing to 400 points by end-2018 and Euro STOXX 50 hitting 3,575 points.
The Euro STOXX 50 is seen reaching 3,325 points in 2019, up 2.3 percent on the year, while the STOXX 600 is expected to reach 373 points, up 2.2 percent.
Italy’s FTSE MIB, which has been hit hard by worries over Rome’s spending plans, is seen at 19,000 points by end-2018, down 1.2 percent from Monday’s close, before rising to 19,056 at the end of next year.
The exporter-heavy German DAX index is seen reaching 11,670 points this year and 11,850 points in 2019, while France’s CAC is expected to hit 5,139 points this year and 5,300 points the next.”
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