Barclays has rebalanced its equity focus away from the U.S. and toward Europe and emerging markets for 2020.
In its 2020 outlook, published Wednesday, the British lender said it expects European equities to deliver further gains, setting a target for the Stoxx 600 of 430 by the end of 2020.
In its 2020 outlook, published Wednesday, the British lender said it expects European equities to deliver further gains, setting a target for theThe rise is expected to be more moderate than in 2019, and Barclays analysts identified a late-stage business cycle, overbought technicals and normalized valuations as possible risks to European stock performance.
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