Virus Won’t Derail Next Year’s Bull Ride for European Stocks
- Bloomberg survey sees Stoxx 600 rising 9.3% by end-2022
- Omicron variant seen as a short-term setback, not game changer
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Even lockdowns and omicron can’t derail strategists’ optimism that the European stock market rally can extend into next year.
The benchmark Stoxx 600 Index will gain 9.3% to 506 index points by the end of 2022 relative to Tuesday’s close, according to the average of 17 forecasts in Bloomberg’s survey. That compares with 4% average annual gains over the past 20 years and would take the gauge to a record high.