Morgans AM Tuesday, 26 March 2024

Morgans Financial Limited

European bourses settled little changed, with gains for the Oil and Gas sector (up +0.9%) offset by decline for media stocks (down -0.9%) to leave the pan-European Stoxx 600 index (which includes UK equities) just +0.04% higher. Goldman Sachs raised its 2024 year-end target for the Stoxx 600 to 540 from 510, citing possible improvement in economic growth and monetary policy easing across central banks. Germany's DAX gained +0.30%. Delivery Hero SE added +0.39%, recovering from an earlier decline after the company announced that Chief Financial Officer (CFO) Emmanuel Thomassin will depart at the end of September 2024 after a decade in the role. France's CAC flat.