Indian stock market rally to continue in 2021 on vaccine hopes - Reuters/Ipsos poll

BENGALURU - India’s stock market rally is set to continue and hit new record highs in 2021, according to a Reuters poll of equity strategists who overwhelmingly expected corporate earnings to return roughly to pre-pandemic levels within a year.

It was then predicted to rise another 4% to 47,550 by the end of 2021, with forecasts ranging from 36,000 to 54,400. Emerging market assets have also gained on the weakness in the dollar, which hit a three-month low against a basket of currencies on Monday. The Sensex has repeatedly hit record highs this month, surging more than 10% on hopes for an economic revival on coronavirus vaccine progress.

That was despite Asia’s third-largest economy shrinking nearly a quarter in April-June, much worse than forecast and pointing to a longer road to recovery.

GUPP OF CENTURY VACCINE NOWHERE AND PAID INDIAN JHOOTISTAN MEDIA CREATING HYPE

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Flirting with record highs: European stocks back to normal in 2021 - Reuters/Ipsos pollOptimism around vaccine developments and expectations of a strong bounce in corporate confidence and profitability will push European stocks to near record highs next year, as policymakers look set to keep stimulus flowing. Hau god l丫(，飛 Ahhh yes “normal” The financial world in the West is upside down! The Covid plagued western economies are fallen to the sidewalks, but the home furlough day traders are sending the stock indices sky high. This fairy story will end in drowning tears. Get out now while you still can
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