Banks lower their forecasts for Dax and Co for 2022

Frankfurt Reports about negotiations between Ukraine and Russia over an end to the war have caused the stock exchanges to rise from their lows for the year, which were reached almost two weeks ago. Banks and fund houses have nevertheless lowered their forecasts for the stock indices. The original price targets for the current year are a long way off.

According to a recent survey by the information service Bloomberg, banks assume on average that the euro zone’s leading index, the Euro Stoxx 50, will be at 4250 points at the end of the year. However, the new target is a good seven and a half percent below the price target of 4,600 points that the banks had announced before the start of the war against Ukraine.

For the broad Stoxx Europe 600, in which the commodity groups booming on the stock exchange also play a major role, the forecast reductions are less clear. Here, banks have lowered their price targets by an average of four percent to just under 500 points.