According to a Bank of America survey, falling energy prices and easing inflation have boosted the optimism of fund managers. Most fund managers believe that Europe is unlikely to experience a recession in the next year. A research team led by Paulina Strzelinska and Andreas Bruckner wrote that 97% of the fund managers surveyed did not expect Europe to experience a recession in the next 12 months, a record high since 2007. A net 35% of respondents expect Europe's economic growth to accelerate in the coming months. Stock market sentiment remains strong, with a net 53% of respondents believing that the European stock market will rise in the next 1 to 3 months. According to the survey, investors still expect the European stock market to have 5.7% room to rise in the coming year. 47% of respondents expect European stock market performance to outperform US stocks in the next 12 months, and rising profits are the main driving factor behind the rise in the market.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.