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SXXP Research & Analysis Hub
Finvaulta tracks 116 research reports on SXXP, updated through September 11, 2026. Latest: “Europe Weekly Kickstart: 5 Points on Germany”.
European equity markets, represented by the Stoxx 600 (SXXP), are witnessing strengthening earnings momentum with Q1 growth forecasts reaching approximately 10%, primarily underpinned by the energy sector and rigorous internal cost discipline. While recent EPS growth of 5% in Europe trails the exceptional 23% seen in the S&P 500, margin expansion and secular trends such as AI and electrification are providing critical support for regional valuations. Research indicates a preference for cyclicals over defensive sectors, alongside a thematic shift toward 'transformational innovation' including IT, power resources, and longevity-focused healthcare. With pairwise stock correlations at their lowest levels since 2018, the current environment favors active management strategies to capitalize on increasing individual company divergence. However, systemic risks remain elevated as geopolitical tensions in the Middle East drive oil supply concerns and maintain a risk premium across global sovereign yields. Despite these headwinds, a higher-than-average proportion of firms are raising future guidance, reinforcing earnings as a primary pillar of market resilience amidst high funding costs and fiscal constraints.
Featured reports
Europe Weekly Kickstart: 5 Points on Germany
Goldman Sachs argues that German equities offer a compelling global GARP opportunity as fiscal stimulus lifts GDP and earnings growth accelerates to ~17% in 2027. Despite near-term energy price risks and China headwinds, valuations remain at a 25% discount to the US while DAX revenues are 80% international.
UK Stocks: A Micro Market
Despite macro headwinds from energy shocks and elevated Gilt yields, UK equities continue to deliver double-digit gains supported by commodity-driven earnings and foreign diversification inflows. Goldman Sachs forecasts the FTSE 100 to reach 11,400 over 12 months (+5.2% price upside), highlighting near-zero pairwise stock correlations and high free cash flow yields (~6%) as ideal conditions for stock-picking.
Europe Weekly Kickstart: Back to School: Constructive, but Selective
Goldman Sachs maintains a constructive yet selective outlook on European equities, raising 2026 STOXX Europe EPS growth to 15% while highlighting healthy cash generation and reasonable valuations. However, investors face headwinds from rising bond yields, energy supply risks, and French fiscal strain, leading GS to favor German equities, Technology, Banks, Defense, and Renewables.
Back to School: Constructive, but Selective
Goldman Sachs maintains a constructive yet selective outlook on European equities, supported by an upgraded 2026 STOXX Europe EPS growth forecast of 15% and attractive FCF yields vs. the US. However, elevated bond yields, European gas supply risks, and French fiscal uncertainty require selective positioning favoring German equities, Renewables, Technology, Banks, and Defense.
Europe Weekly Kickstart: A Stronger Earnings Story
Goldman Sachs upgrades its FY 2026 STOXX 600 EPS growth forecast from 10% to 15% and raises its 12-month index price target to 695. The upgrade reflects strong first-half earnings across banks, commodities, and capex-related themes alongside resilient global revenues.
Europe Weekly Kickstart
This report provides a data-only update on the European equity market performance, highlighting strong Q2 earnings beats and the highest earnings sentiment in over three years.
Don't Short the Winners Launching GS Europe ex Winners
Goldman Sachs has launched the GSXEXWIN index, a systematic European equity hedge that excludes high-momentum winners. The product aims to provide a lower-volatility alternative to the STOXX 600.
Market Monitor
Global equities reached new highs driven by AI enthusiasm and a potential Middle East ceasefire, while the S&P 500 target was upgraded to 8,000 on strong earnings. However, fixed income markets face uncertainty as hawkish inflation data and Fed commentary suggest rate hikes could return to the table.
Early Morning Reid Macro Strategy
Global Economic Weekly: Surfing the Supply Shocks
Early Morning Reid: Macro Strategy
All reports
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Europe Weekly Kickstart: 5 Points on Germany
Goldman Sachs · Sep 11, 2026
Global Economic Weekly: Surfing the Supply Shocks
Bank of America · Sep 11, 2026
Early Morning Reid: Macro Strategy
Deutsche Bank · Sep 11, 2026
Germany: The Earnings Recovery Still Ahead
Goldman Sachs · Sep 10, 2026
Early Morning Reid: Macro Strategy
Deutsche Bank · Sep 10, 2026
Early Morning Reid: Macro Strategy
Deutsche Bank · Sep 9, 2026
Market Pulse
Goldman Sachs · Sep 8, 2026
Europe Insurance: Earnings Tracker - 1H'26 Earnings Are Now in the Books for Our Coverage
Goldman Sachs · Sep 8, 2026
Early Morning Reid: Macro Strategy
Deutsche Bank · Sep 8, 2026
Why Should Investors Broaden Beyond US Stocks?
UBS · Sep 7, 2026
Top 10 Questions Answered: UBS House View Briefcases
UBS · Sep 7, 2026
Summer Rotation Moderation with Higher Yields and Commodities
Goldman Sachs · Sep 7, 2026
European Conviction List: Directors' Cut
Goldman Sachs · Sep 7, 2026
Early Morning Reid: Macro Strategy
Deutsche Bank · Sep 7, 2026
What a More Hawkish Fed Means for Investors
UBS · Sep 4, 2026
UK Stocks: A Micro Market
Goldman Sachs · Sep 4, 2026
Europe Weekly Kickstart: Back to School: Constructive, but Selective
Goldman Sachs · Sep 4, 2026
Global Economic Weekly: Is This a Kohn Day or a Bernanke Day?
Bank of America · Sep 4, 2026
European Equity Strategy: What If the Fed Hikes in September?
Bank of America · Sep 4, 2026
Back to School: Constructive, but Selective
Goldman Sachs · Sep 4, 2026
International Market Intelligence Morning Briefing
J.P. Morgan · Sep 4, 2026
Early Morning Reid: Macro Strategy
Deutsche Bank · Sep 4, 2026
France 2027: Too Early to Re-Engage
Goldman Sachs · Sep 3, 2026
Early Morning Reid: Macro Strategy
Deutsche Bank · Sep 3, 2026
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