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The brokerage expects the index to reach 680 points by year-end from its previous forecast of 670, implying about 6.3% upside from current levels, and to reach 760 by the end of next year. HSBC is the latest brokerage to turn more optimistic on European equities, as investors look past geopolitical risks and focus on the region's ability to withstand recent economic and energy shocks. Recent data have also eased concerns that geopolitical tensions would significantly derail growth. London-based HSBC forecasts European earnings growth of 15.6% in 2026 and 15.4% in 2027. The brokerage said European companies are becoming increasingly domestically focused, with regional revenue exposure rising to its highest level since 2017, somewhat shielding them from currency movements even as overseas sales still account for about half of revenue. A weakness of the euro and other European currencies against the US dollar could provide an additional tailwind for corporate profits, HSBC added. The brokerage upgraded Italy to "overweight" from "neutral", citing lower reliance on Middle Eastern gas imports, while downgrading France to "underweight" on weaker economic forecasts and deteriorating consensus estimates. HSBC also raised its year-end target for Britain's FTSE 100 index to 11,390 from 10,980, implying nearly 6.5% upside from current levels. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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