Global stock markets in 2019 will at best only recoup losses from the deep sell-...
BENGALURU - Global stock markets in 2019 will at best only recoup losses from the deep sell-off late last year, according to equity market analysts in Reuters polls, who reckon the risk is skewed more toward a sharp fall by mid-year.
That view is driven by a cocktail of worries, including the ongoing U.S.-China trade war, cooling global growth and tightening liquidity conditions. “Risks for global stocks are skewed to a sharp fall as a global economic slowdown gathers pace, the current business cycle is fairly old and global central banks have limited firepower to support weakening economies,” said Vyacheslav Smolyaninov, chief equity strategist at BCS Global Markets.
But in the survey, the S&P 500 was forecast to rack up only modest additional gains as a weakening profit outlook reins in market bulls. The end-2019 view is about where strategists polled just six months ago thought the index would be by the end of last year.
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