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The prospect of novel coronavirus epidemic in Europe is a promising prospect for European economic recovery, which means that the prospects for European stock markets are mild this year and may be hit by the further spread of the epidemic. The new crown epidemic has claimed thousands of lives around the world.
A Reuters survey of nearly 30 fund managers, strategists and brokers over the past two weeks showed that the Stoxx Europe 600 index is expected to reach 433 by the end of 2020, up 6.9% from Thursday's close of 404.6, but slightly lower than the record high reached earlier this year.
Most of the respondents were polled by Reuters ahead of Monday's sharp fall in European stocks. European stocks saw their biggest drop since mid-2016 on Monday as investors fled amid a surge in new cases in Italy, South Korea, Japan and Iran.
"The impact of the new crown crisis on the stock market is increasing, which may change the short-term outlook," said Pierre veyret, global asset analyst at activtrades.
"Investors and businesses are concerned that the outbreak will continue into the second quarter, possibly leading to chaos in many industries, with miners, automakers and technology companies bearing the brunt."

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