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Nomura Sees 22% Rally in Euro Stoxx 50 Index by End of 2012

The Euro Stoxx 50 Index will rally 22 percent to 2,850 by the end of next year, Nomura Holdings Inc. strategist Ian Scott said in a report.

“We expect substantial upside for stocks in 2012, as long as the sovereign debt crisis does not turn into a series of messy defaults,” Scott said.

The Euro Stoxx 50 rose 1.2 percent to 2,342.5 on Dec. 2.

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