Strategists Unfazed by War Expect European Stocks to Bounce
Stocks trading data at the headquarters of Euronext NV in the La Defense business district of Paris.
Photographer: Benjamin Girette/BloombergMarket strategists are sanguine about mounting inflation fears caused by the Iran war and expect European stocks to return to record highs, according to a Bloomberg survey.
The Stoxx Europe 600 Index will finish the year about 11% above Friday’s close, at 635 points, according to the median of 16 forecasts. For now, strategists view the conflict and the spike in oil prices as temporary factors that won’t derail an acceleration in European economic growth.