Bank of America Warns European Stocks May Fall 10%
Bank of America has issued a stark warning to investors, predicting that European stocks could decline by nearly 10%. The bank cited concerns over higher interest rates, stretched market expectations, and risks associated with the artificial-intelligence investment boom as factors leaving equities vulnerable, despite an improving economic outlook for the region.
Bank of America is warning that European stocks could fall nearly 10% even as the region’s economic outlook improves, saying higher interest rates, stretched expectations and risks tied to the artificial-intelligence investment boom could leave equities vulnerable. The bank is…