Euro Stoxx 50 May Climb to 3,200 by Year-End 2010, Nomura Says

By Christiane Lenzner

Dec. 14 (Bloomberg) -- The Euro Stoxx 50 Index may reach 3,200 and the U.K.’s FTSE 100 Index may climb to 6,000 by the end of 2010, according to Nomura Holdings Inc.

“We think stocks will rise further in 2010, but suspect that the rally will have a different complexion to that which drove the market in 2009, a year that was purely a ’macro trade,’” the brokerage wrote in a report to clients dated Dec. 11. “In 2010, we think the emphasis will switch to the micro, with themes within the market becoming more important.”