Home Markets World stocks to rise modestly, correction unlikely

World stocks to rise modestly, correction unlikely

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A street sign is seen in front of the New York Stock Exchange on Wall Street in New York, February 10, 2009. REUTERS/Eric Thayer

World stocks will continue to rise this year on robust economic and earnings recoveries but any quickening of inflation would temper that enthusiasm, according to Reuters polls of analysts, a majority of whom said a near-term correction was unlikely.

Around this time last year, global equity markets were haemorrhaging from the pandemic-driven economic damage but that was followed by a huge upswing, boosted by unprecedented stimulus and the recovery at hand.

While stocks have continued to rise significantly this year, the news flow on inflation has whipsawed financial markets – with equities falling on data pointing to increased price pressures and rising on reaffirmed dovish monetary policy stances.

Reuters polls of nearly 300 equity strategists taken May 10-26 showed all 17 stock indexes surveyed on were forecast to rise, with…

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