European Shares Seen Rising Modestly by Year End
European stocks are forecast to edge higher and reach record levels by the end of the year. Robust corporate earnings support the outlook while geopolitical tensions and rate hike risks cap gains.
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European shares are expected to post a modest gain of 2% to finish the year at 670 points, according to a Reuters poll published on Tuesday afternoon. That target marks a record high for the benchmark and extends its annual advance to 13%. Strong corporate earnings are driving the resilience despite lingering geopolitical pressures.
