A July survey of 18 strategists shows rising optimism on European equities as earnings revisions support upside. UBS was most bullish, projecting the STOXX Europe 600 to climb about 8% by year-end. BofA, Deutsche Bank and Kepler Cheuvreux also raised targets. The surveyed strategists’ average expects the index at 647 by end-2026 — under 1% above current levels — but bearish views have narrowed: only five respondents expect a decline. UBS strategist Gerry Fowler said upside risks now outweigh dow

US forces have struck Iran for five consecutive days to degrade Tehran’s attack capability in the Strait of Hormuz. Trump has threatened to bomb Iranian power plants and bridges next week if no deal is reached; Tehran warns continued US attacks would spread the conflict. A Cambridge international politics lecturer says the White House will likely return to negotiations ahead of US midterms, adding Iran wants talks and the door is open but has lost trust in the US after previous withdrawals from agreements. Earlier this year a memorandum reached after a joint action with Israel set a 60‑day target for a permanent ceasefire, but the truce collapsed after Iran struck vessels it accused of unauthorised transit and the US responded with escalating strikes. The lecturer said Iran’s weak pre-conflict economy — and the potential for higher oil, inflation and fertilizer prices — could push both sides back to the table, while US midterm political pressure raises Washington’s incentive to negotiate.

德国DAX30指数7月16日（周四）收盘下跌109.82点，跌幅0.44%，报24908.99点； 英国富时100指数7月16日（周四）收盘上涨54.63点，涨幅0.52%，报10570.55点； 法国CAC40指数7月16日（周四）收盘下跌4.57点，跌幅0.05%，报8377.86点； 欧洲斯托克50指数7月16日（周四）收盘上涨15.98点，涨幅0.26%，报6281.56点； 西班牙IBEX35指数7月16日（周四）收盘上涨15.07点，涨幅0.08%，报19290.57点； 意大利富时MIB指数7月16日（周四）收盘下跌71.75点，跌幅0.14%，报52339.50点。