HSBC Private Banking predicts that next year the stock market in Europe will recover due to slower growth in the US economy. This year, about 43 billion dollars were withdrawn from the European market, as investors were wary of risks of a political and economic nature. Their preferences were on the side of the American stock market. Experts at HSBC Private Banking expect a change in this situation, as they predict a slowdown in US economic growth in the first half of 2019. This will attract investors' attention to the European market, which will enable HSBC to raise the rating of European stocks from “below the market” to “neutral”.