Pursuits
What China? Strategists See Vintage Year for Europe Stocks
- European companies to benefit from strong earnings this year
- UBS, Barclays are among the most bullish forecasters
This article is for subscribers only.
The global market selloff triggered by China last month hasn’t dented the confidence of European strategists, who bet strong earnings will propel the region’s stocks to their biggest rally since 2009.
The Stoxx Europe 600 Index will climb about 18 percent in 2015 from last week’s close, according to the average of nine forecasts compiled by Bloomberg, outperforming U.S. equities and recovering all ground lost after China devalued the yuan in August. To do this, it will have to jump 13 percent in less than four months. The Standard & Poor’s 500 Index is predicted to rise 6.9 percent this year.