Wall Street Strategists Bet on Record Highs for European Stocks
- Forecasters in Bloomberg poll see August turmoil short-lived
- Still, upside is seen limited as economic growth risks linger
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The August turmoil in financial markets has left strategists unfazed about the outlook for European stocks, which are expected to scale new peaks this year.
The Stoxx Europe 600 Index is seen ending the year at 535 points — about 4.6% above Friday’s close, according to the median estimate in a Bloomberg survey of 16 strategists. That implies surpassing the record high set back in May.