According to Jinshi Data, market analysts are optimistic about the prospects for European stocks, expecting them to reach new highs by the end of 2024. Despite August's market turmoil, strategists are confident in the continued upward momentum of the European market.

A survey conducted by foreign media among 16 market strategists indicates that the European Stoxx 600 Index is projected to rise to 535 points, representing a 4.6% increase from last Friday's close. This would surpass the historical peak reached in May.

European stocks have recovered quickly following a volatile start to August, with mixed economic data and an unwinding of crowded trades failing to halt the recovery. Investors are hopeful that potential interest rate cuts will further support stock valuations.

Additionally, a relatively strong earnings season has bolstered optimism, keeping strategists positive about the market's trajectory for the remainder of the year.