BofA lifts STOXX 600 annual target to 530 points

BofA Global Research on Friday raised its year-end target for the STOXX 600 index to 530 from 500 on resilience in global growth following a U.S.-China trade deal.

"The main reason for the resilience...is that these events (Israel-Iran conflict, trade war) have not yet translated into a clear-cut weakening in global growth," the Wall Street brokerage added.