Goldman Sachs has adjusted its 12-month forecast for European stock indices. The bank now projects the STOXX 600 index will reach 530 points within the next year, a revision from the previous estimate of 540 points. Additionally, the forecast for the UK's FTSE 100 index has been adjusted to 8500 points, down from the earlier prediction of 8800 points.
These revisions reflect changing market conditions and investor sentiment in Europe as economic uncertainties continue. The adjustments signal a more cautious outlook on the performance of major European stock indices in the coming year.
