Deutsche Bank cuts outlook on European stocks amid uncertainty on ECB, Fed rate cuts

Strategists at Deutsche Bank downgraded European stocks to neutral Monday, citing “muted” upside for stocks over the coming weeks and uncertainty on major central banks’ monetary-policy outlook amid a shaky start to 2024 for the financial markets.“We expect markets to go mostly sideways with a mild setback of not more than 5% from current levels, predominantly in parts of the market that have seen the biggest inflows in the fourth quarter of last year,” said Deutsche Bank strategists led by Maximilian Uleer ...