Global stocks rally set to moderate next year, correction likely - Reuters poll

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 66%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

BENGALURU : Global stocks will shake off recent weakness and rise over the next 12 months but at a more tempered pace than this year's rally, found a Reuters poll of equity analysts who also said a correction was likely in the next six months.Uncertainty around the virulence of the Omicron coronavirus var

BENGALURU : Global stocks will shake off recent weakness and rise over the next 12 months but at a more tempered pace than this year's rally, found a Reuters poll of equity analysts who also said a correction was likely in the next six months.

Indeed, when asked if a correction in their local equity market was likely, about three-quarters of respondents - 79 of 106 - in a global poll covering major indexes from over a dozen countries said Yes. "The key risk to our outlook is a hawkish shift in central bank policy, especially if post-pandemic dislocations persist."

Driven by earnings and economic growth, the benchmark S&P 500 index will extend this year's rally and gain 7.5per cent between now and end-2022 to finish at 4,910. Despite scaling new peaks, the majority of the 17 global indices polled on were forecast to neither repeat nor surpass this year's strong performance next year.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

European business says technical standards 'new battleground' for China, rest of worldSHANGHAI : A European business group said on Thursday that technical standards were a 'new battleground' for Chinese companies and their overseas rivals and urged Beijing to 'provide fair and equal treatment' for all firms involved in setting such requirements.'While the politicisation of standardisation
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »