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☆ European stocks are up 7 weeks in a row. Here’s how long winning streaks typically last
▼ + stars: | 2024-03-14 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

The STOXX Europe 600 hit 500 points for the first time last week, and the benchmark index has since notched yet another all-time high. When stocks fell immediately after seven weeks of gains, they lost 1.17% on average. The Stoxx Europe 600 recorded its longest winning streak between June and August 1993, when the market rose for 12 straight weeks. The weighted average of analyst price targets for the companies in the Stoxx Europe 600 points toward a 9.1% upside potential for the index, according to FactSet data. The bank has an end-of-year price target of 510 points for the Stoxx Europe 600.

Persons: Sebastian Raedler, Emmanuel Cau Organizations: CNBC, of America's, Barclays Locations: Europe

☆ European stocks are in for a big fall — and the signs are in the economic data, UBS and BofA warn
▼ + stars: | 2023-08-04 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Investment banks are bearish about European stocks because of a rapid deterioration in economic data. Strategists at UBS expect the Stoxx Europe 600 index to decline by 12.5% to 410 by the end of the year from its current level of 468. .STOXX 1Y line "The 'new orders' outlook for many of the service sectors in Europe seems to have deteriorated quite rapidly. The Wall Street bank's strategists noted that the global growth acceleration behind the recent rally in European stocks appears to be fading. Opportunities in a bleak market Despite the bleak outlook for the market, UBS' Fowler sees some opportunities.

Persons: Gerry Fowler, Fowler, CNBC's, We've, Sebastian Raedler Organizations: UBS, of America Locations: Europe, June's, Germany, France

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