Worst Quarter for European Stocks Is Nearly Over. What’s Next?
- Strategists divided about where market bottom lies after rout
- Investors shouldn’t bet against central banks, Eurizon says
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European equities are on track for their worst quarterly performance on record after a steep plunge triggered by the spread of the coronavirus outside of China erased all the gains made by the region’s benchmark since 2012. Now market participants are divided over whether the worst is over.
The Stoxx Europe 600 Index is down 24% since the start of the year -- its biggest quarterly plunge since the creation of the gauge in 1998 -- hammered by worries that the pandemic will spark both demand- and supply-side shocks to the economy and derail global growth.