Institution: Market Strategists Unfazed by Middle East Conflict, Still Betting on European Stock Market Rebound

BlockBeats News, March 23rd, a survey of institutions shows that market strategists are optimistic about the escalating inflation concerns caused by the Iran conflict and expect European stocks to return to historical highs.

The median forecast of 16 analysts shows that the Euro Stoxx 600 index will be about 11% higher than last Friday's closing price by the end of this year, reaching 635 points. Currently, strategists believe that this conflict and the surge in oil prices are only temporary factors and will not hinder the accelerated growth of the European economy.

The surveyed strategists have not lowered their expected targets for the European benchmark index, and UBS Bank and Dekabank have even slightly raised their expectations. The latter, together with HSBC, is the most optimistic investor, with a target level of 670 points, indicating a 17% increase in stock prices. The two most pessimistic strategists believe that the index faces about a 2% downside risk, coming from TFS Derivatives Company and Bank of America. (FX678)