A snippet from BoA with an outlook for European stocks.
Analysts at the bank see the European stock index, Stoxx 600 dropping 20% to 365 by the third quarter this year
Citing:
- Stay negative on European equities
- our base case remains a sharp weakening in growth, translating into rising risk premia and falling earnings expectations
A 20% drop is a huge forecast! Sentiment has swung more positive on Europe but not at BoA obviously.
