Goldman, BofA See Worst Year Since 2008 for European Equities
- Stoxx 600 to close the year at 406 points: monthly survey
- Strategists lowered their targets further since September poll
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Forget about a Santa rally to rescue European stocks from their doldrums, say strategists from Goldman Sachs Group Inc. to Bank of America Corp.
Forecasters slashed targets in the past month, with the average prediction of 406 points in a Bloomberg survey indicating a 17% slide for the Stoxx Europe 600 Index this year, the worst performance since the global financial crisis.