Strategists believe European stock markets will hit new highs this year.

On August 20th, Jinshi Data analyst Michael Msika said that there is still a Consensus among market strategists: European stock markets may hit new highs again. The turbulence in the financial markets in August did not worry strategists about the prospects of the European market. According to a survey of 16 strategists by foreign media, the STOXX 600 Index is expected to reach 535 points by the end of the year, about 4.6% higher than the Closing Price last Friday, surpassing the All-time high set in May. Following the dramatic Fluctuation in early August and the subsequent Rebound in global markets, European stock markets quickly regained lost ground. The mixed economic data and the rapid Close Position of crowded trades are not enough to sustain the Rebound, and investors are hoping for interest rate cuts to support valuations. At the same time, the reassuring performance of the earnings season has kept strategists relatively optimistic.