Major investment banks have raised their economic growth forecasts for China in 2025, reflecting a positive outlook for the region. European stock markets have outperformed globally, with the STOXX 600 index expected to rise by 4% over the next 12 months according to Goldman Sachs. Europe's equities have benefited from a brightening economic outlook amid challenges faced by U.S. financial markets due to President Donald Trump's ongoing trade war. Notably, eight of the world's ten best-performing stock markets this year are in Europe, including Germany's DAX, which has rallied more than 30% in U.S. dollar terms. Peripheral European markets such as Slovenia, Poland, Greece, and Hungary have also shown strong performance. The Athens Stock Exchange has experienced a seven-month rally with gains of 34%, while its banking sector has outperformed with a 64% increase, contributing to a €20 billion rise in market capitalization. Meanwhile, Goldman Sachs forecasts a 10% return for the S&P 500 over the next year, indicating more modest growth expectations for U.S. equities compared to Europe.