European stocks opened flat, with STOXX 600 dipping 0.02%; Goldman Sachs raised its 2024 year-end target to 540; Direct Line shares fell 12.
European stocks opened flat during the holiday-shortened week, with the STOXX 600 index experiencing a minor 0.02% dip. Goldman Sachs increased its 2024 year-end target for the STOXX 600 to 540 from 510, attributing this to potential improvements in economic growth and central bank monetary policy easing. Significant stock movements include a 12.3% fall in Direct Line shares following Belgian insurer Ageas' refusal to make further offers, and a 12.4% jump in SBB after the company announced plans to buy back debt at a 60% discount.
March 25, 2024
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