BNP Paribas sees stock markets at highs at the end of the year
The entity expects the S&P 500 to rise an additional 9.7% to 8,500 points and the Stoxx 600 to rise 9.2% to 700 points. Before reaching new highs, BNP expects the stock markets to stagnate for a few months. The French bank favors cyclical sectors such as banking and automotive.
BNP Paribas expects the S&P 500 to rise 9.7% to 8,500 points and the Stoxx 600 to rise 9.2% to 700 points. The bank's analysts have upgraded their price targets, citing a strong underlying economic growth driven by artificial intelligence and resilience to raw material supply shocks. Despite potential volatility, BNP Paribas advises investors to take advantage of possible market dips to increase their positions, favouring cyclic sectors such as banking and automobiles.
The bank also recommends overweighing emerging market equities and debt in local currency, particularly in Korea, Hungary, Czech Republic, Turkey, and Colombia.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
