1323 GMT - European stocks are showing remarkable resilience to the ongoing conflict in the Middle East, even as markets look to price extended disruption to the Strait of Hormuz, Goldman Sachs analysts write. Equities will not enter a sustained market downturn as earnings and company balance sheets remain strong, the analysts say. "Geopolitical shocks have historically reversed quickly," they write. However, investors should increase their exposure to defensive stocks that are less vulnerable to a downturn in economic conditions, the analysts say. They cite names including semiconductor company ASML, telecommunications group Elisa and software company Experian as stocks with more than 20% upside potential. (josephmichael.stonor@wsj.com)
(END) Dow Jones Newswires
March 20, 2026 09:23 ET (13:23 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.