BENGALURU - Global stocks will brush aside recent market turmoil and gain modestly from current levels in coming months, according to a Reuters poll of equity strategists, amid rising expectations major central banks are set for a series of interest rate cuts.
"We think growth fears moved too far, and in places look overpriced relative to our central forecast," said Kamakshya Trivedi, head of global FX, rates and emerging market strategy at Goldman Sachs. In a May survey, analysts said while a run-up in global stocks was not yet over, it was beginning to show signs of fatigue.
That was mostly because a majority of strategists, 51 of 85, predicted corporate earnings to outperform expectations for the rest of the year in their local markets. The remaining 34 said earnings will underperform expectations. Factories producing non-stick coatings for cookware aren’t properly limiting emissions of one of the most potent greenhouse gases, our research suggests.
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