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- Strategists: Global stocks in for a chilly winter – Reuters poll
Strategists: Global stocks in for a chilly winter – Reuters poll
Early Thursday, Reuters unveiled survey details of analysts who cut year-end predictions for most major indices from three months ago and warned the risks to that already-dull outlook were skewed to the downside. “It will be a chilly winter for global stocks,” adds the survey findings.
Key quotes
The Aug. 9-23 Reuters polls of over 150 equity market analysts showed nearly all of the 17 indices surveyed marking only single-digit gains for the remainder of the year.
Over a 60% majority of strategists who answered a separate question, 58 of 95, said the risks to their end-2022 forecasts were skewed to the downside. The remaining 37 said they were to the upside.
Just over half, 57 of 108, said there was a low chance of another major sell-off in the final quarter.
Only emerging market stocks such as India, Brazil and Mexico were forecast to post any meaningful gains across 2022. Britain's FTSE was expected to rise around 1% over this year.
Also read: US 10-year inflation expectations print six-day uptrend to refresh 2.5-month high
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