21 Jul 2015
Goldman Sachs upgrades European equities to overweight
FXStreet (Mumbai) - The investment bank Goldman Sachs, in its second-half outlook, upgraded European equities to 'overweight' on a three-month basis, while US equities are downgraded to 'underweight'.
With Grexit out of the way for now, the investment bank is warming up to European stocks. In Europe, the bank prefers Italy, Spain and the UK's FTSE 250. Underweights are Switzerland's SMI and the FTSE 100.
Meanwhile, the bank expects Emerging-markets equities to be weak and wobbly until the end of the year, on account of the prospects of a higher US interest rates (Goldman expects lift-off in December).
With Grexit out of the way for now, the investment bank is warming up to European stocks. In Europe, the bank prefers Italy, Spain and the UK's FTSE 250. Underweights are Switzerland's SMI and the FTSE 100.
Meanwhile, the bank expects Emerging-markets equities to be weak and wobbly until the end of the year, on account of the prospects of a higher US interest rates (Goldman expects lift-off in December).