The energy bill hasn't arrived yet, is opening champagne in the market a bit premature?

ME News said the average forecast from 17 analysts shows that the European Stoxx 600 will end the year at 623 points, up about 1% from Wednesday’s close. The index has largely recouped the losses caused by the Iran war, but many believe the rebound will be difficult to sustain, and the full impact of energy costs has not yet emerged. Deutsche Bank, DekaBank, UBS Group, and Barclays have cut their targets, while HSBC is the most bullish, with a target of 670 points (about an 8% increase). TFS Futures and Bank of America remain the most bearish, forecasting about a 9% decline.