As Europe Stock Rally Wanes, Forecasters Look to 2016 for Record
- All strategists see double-digit growth for Stoxx 600
- Most bearish estimate is for shares to rise more than in 2015
Can European Equities Return 10% in 2016?
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European stock strategists say 2016 is when their predictions that didn’t work in 2015 will come true.
The Stoxx Europe 600 Index will rally 16 percent from Tuesday’s close to surpass its April record, according to the average of 10 forecasts compiled by Bloomberg. Commerzbank AG, one of the most accurate at estimating the gauge’s trajectory the last two years, expects the equities to jump 18 percent in 2016, helped by the European Central Bank’s stimulus.