“JPMorgan Says Record Highs in European Stocks Can Last and Widen”
February 17, 2020
” European equities are trading at fresh record highs, and JPMorgan Chase & Co. strategists say the rally can go on and even expand to markets that have been left behind.
The Stoxx Europe 600 Index closed at a historical peak last week after earnings optimism outweighed spreading coronavirus fears. To JPMorgan strategists, the fact that the European benchmark has risen above the level of 400 index points by about 8% is significant because in prior years a gain above this level was followed by months of heavy declines…
…Additionally, just 23% of the Stoxx 600 companies and four country indexes are currently trading at record highs, leaving room for the rally’s expansion…”
https://finance.yahoo.com/news/jpmorgan-says-record-highs-european-122454563.html