ICYMI: Deutsche Bank recommends overweight equities into 2024, risk turning to opportunity

<p>Via a note from DB favouring equities into next year. Analysts at the bank say their base case is no recession in the EUR zone.</p><p>DB favour European stocks over US.</p><p>In brief:</p><ul><li>"We anticipated weaker growth, disappointing beats in earnings and disappointing central bank communication into Q3"</li><li>"By now, these risks seem adequately reflected in markets"
</li><li>"Markets are still priced cautiously with respect to the macro environment, leaving upside potential from positive surprises" </li><li>remains neutral US equities vs. Europe</li></ul><p>2024 forecasts:</p><ul><li>STOXX 600 510</li><li>Euro STOXX 50 4,850</li><li>DAX 40 18,000</li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.