Goldman Sachs says Middle East conflict may become a catalyst for the European economy, with new momentum for defense and energy security spending.
Show original
Golden Ten Data reported on March 4 that Goldman Sachs equity strategists pointed out in a research report that although European companies are highly sensitive to energy prices, the Middle East conflict may provide new opportunities for stock market growth momentum. The strategists stated: "Europe's growth largely depends on government fiscal spending in defense, infrastructure, and energy security. We believe this conflict adds further impetus to these areas. Unless there is a massive sell-off in the bond market that limits the government's ability to support spending, we believe this trend will continue." Goldman Sachs maintains its forecast for the STOXX Europe 600 Index's earnings per share growth of 5% to 7% in 2026, but notes that this forecast is based on the assumption of a brief outbreak of conflict. Currently, the STOXX Europe 600 Index is up 1.5%.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!
You may also like
RedStone has deployed its price oracle on the Stellar network.
Odaily星球日报•2026/03/04 15:09
Data: 435 PAXG transferred from Paxos to Cumberland DRW, valued at approximately $2.25 million
Chaincatcher•2026/03/04 15:05
Grayscale transferred BTC and ETH worth over $37 million to a certain exchange.
Chaincatcher•2026/03/04 14:57
Trending news
MoreCrypto prices
MoreBitcoin
BTC
$71,763.84
+7.53%
Ethereum
ETH
$2,086.2
+7.16%
Tether USDt
USDT
$1
+0.02%
BNB
BNB
$652.17
+4.48%
XRP
XRP
$1.42
+4.99%
USDC
USDC
$1.0000
-0.00%
Solana
SOL
$90.46
+8.59%
TRON
TRX
$0.2848
+1.55%
Dogecoin
DOGE
$0.09600
+7.39%
Cardano
ADA
$0.2738
+4.11%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now