According to TechFlow news from ShenChao, on May 20, Jin10 Data reported that multiple Wall Street institutions have reached a rare consensus forecast, believing that with the improvement of Europe's economic outlook, European stock markets will see their best annual performance relative to the U.S. stock market in 20 years. Based on a Bloomberg survey of 20 strategists, the STOXX Europe 600 Index is expected to close near 554 points by the end of the year, indicating there is still room for growth from the current level.
JPMorgan has set the highest target at 580 points, while Citigroup predicts the index will rise 4% to 570 points. JPMorgan's forecast shows that the STOXX 600 Index will outperform the S&P 500 Index by 25 percentage points in 2025, setting a historic high, whereas Citibank's forecast is the best since 2005. According to the latest survey by Bank of America, the net overweight position of global fund managers in European stocks has reached 35%, while the net allocation to U.S. stocks has fallen to its lowest level in two years.