BlockBeats News, June 19th, according to a Bloomberg survey, the US-Iran peace agreement has improved the outlook for the European stock market in the second half of the year, prompting multiple strategists to raise their year-end targets.

Goldman Sachs, Barclays, and Societe Generale have all raised their respective forecasts. The latest survey, which involved 16 strategists, shows that the Euro Stoxx 600 Index is expected to close at 640 points by the end of 2026, matching its recent all-time high. However, some sectors in the market have not yet recovered from pre-war prices.

Some respondents pointed out that this provides further upside potential for the market, as investors may reallocate their investments through sector rotation to position for the economic recovery rally.