(Bloomberg) -- European stocks may rally a further 22 percent by the end of next year amid “above trend” growth in the global economy, according to Goldman Sachs Group Inc. The Dow Jones Stoxx 600 Index may rise to 300 by the end of 2010, a 22 percent surge from yesterday’s closing level of 246.77. A low-interest rate environment will be supportive for stock markets and corporate earnings may grow 38 percent excluding exceptional items next year and 28 percent in 2011, according to a report dated yesterday.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=anlAPe8lJc_8
Deutsche Bank Raises 2010 Year-End Forecast for European Stocks
(Bloomberg) -- Deutsche Bank AG raised its forecast for European stocks, saying it expects governments and central banks will withdraw stimulus measures in an “orderly” manner.Deutsche Bank lifted its projection for Europe’s Dow Jones Stoxx 600 Index for the end of 2010 to 250 from 225, according to a strategy report. The benchmark gauge for the region’s equities closed at 245.58 yesterday.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aRs1bC1U_GsA
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