With no upside left for Europe stocks, strategists eye 2021 for further gains ...Qatar

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With no upside left for Europe stocks, strategists eye 2021 for further gains
After a vaccine-induced rally in November that caught most investors by surprise, strategists are turning to 2021 for further gains in European stock markets, given that benchmark indexes will most likely finish this year in the red. The Stoxx Europe 600 Index will rise to 399 points next year, implying just above a 2% gain from Wednesday’s close, based on the average forecast from nine strategists polled by Bloomberg. They see a 2021 year-end level of 3,582 for the euro-area gauge Euro Stoxx 50, leaving less than 3% upside. “We already saw some kind of a year-end rally since the end of October, mainly based on vaccine hopes,” said Unicredit SpA strategist Christian Stocker, who sees the St

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