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Bull Calls United in Europe as Strategists See 12% Gain

European stocks are poised for a third year of gains, restoring almost all the losses suffered during the financial crisis, as economic growth overcomes record pessimism on earnings.

Equities will rise 12 percent in 2014, according to the average projection of 18 forecasters tracked by Bloomberg News. Ian Scott of Barclays Plc says the Stoxx Europe 600 Index can rally 25 percent because shares are cheap even after a 49 percent gain since 2011. Credit growth and increasing profits will help Siemens AG and Cie. de Saint-Gobain SA spur a 17 percent jump in the region’s stocks, according to Deutsche Bank AG’s Gareth Evans.