This will be the worst year for European equities since 2008
14:55
Investment strategists are not optimistic. Expecting market conditions to worsen in the second half of the year, they are lowering their expectations for the situation on European trading floors across the board. They claim that the current year will be the worst since 2008.
According to a Bloomberg survey, the current median forecast is for the Stoxx Europe 600 index to be around 444 points at the end of 2022. This represents an annualized discount of 9.1 percent and the worst performance since 2008 when the global financial crisis was measured. At the time, it led to as much as a 46 percent decline in stock markets.
As Bloomberg reminds us, European stocks have rebounded from the 18-month low reached in early July, but are still down 13 percent for the year.
