Citigroup strategists said that as analysts continued to raise profit expectations at an unusually strong rate before the earnings season arrived, there may be room for further growth in the European stock market. Judging from historical experience, this is generally a positive mid-term signal for European stocks, especially for cyclical stocks. The European Stoxx 600 Index is expected to grow 26% in the third quarter, up 8 percentage points from the expected increase in recent months. Citibank pointed out that the stock price already reflects the market's expectations for a further increase in ratings, which raised the threshold for growth during the earnings season.

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