European shares expected to move sideways until June - Reuters poll

European shares expected to move sideways until June - Reuters poll
 

European stocks will make little headway before June as concerns about future U.S. rate increases and Britain's move to start its divorce from the European Union discourage investors from placing strong bets, a Reuters poll found.
The poll of more than 20 traders, strategists and fund managers gave a median forecast for the pan-European STOXX 600 index of 362 points by the end of 2017 - up over 5 percent from Monday's closing level of 343.23.
However, the benchmark index will make little progress before the middle of next year, when it will trade at 345, according to the poll, taken in the... read more

 
4 October 2016 in Business, Views: 34
Source: Reuters
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