October 18, 2016 3:26 AM
October 18 -- Investors should buy European equities regardless of whether the Federal Reserve raises borrowing costs in the next three months, Barclays Plc says. The region’s stocks, which have suffered a 7.8 percent slump in 2016, have scope to rally through the end of the year if earnings remain stable, according to Dennis Jose, head of European equity strategy at Barclays in London. With a year-end target of 360 for the Stoxx Europe 600 Index, the bank is the second-most bullish among 10 forecasts compiled by Bloomberg. UBS Head of European Equity Strategy Nick Nelson discusses with Anna Edwards and Manus Cranny on "Bloomberg Daybreak: Europe."