Analysts expect declines as investors deal with rates remaining higher for longer
Global stock markets are expected to correct in the next three months as investors digest the fact that interest rates are likely to stay higher for longer, according to a Reuters poll of equity analysts.
The poll showed a majority would fall short, or just about recoup their 2022 losses by the end of the year. Stocks have rallied about 20% in recent months and some strategists say that the market has gone too far. “If however this stronger growth drives inflation expectations, or inflation is higher than expected, then the prospect of the Fed having to do more/too much, in a world of structural change, adds to the risk of policy error, leaving equities vulnerable.”
Wall Street’s benchmark S&P 500 index was expected to advance about 5% from Tuesday’s close by year-end. The S&P 500 was predicted to end 2023 at 4,200 points, a 9.4% increase for the calendar year. This forecast target was unchanged from a November 2022 poll.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold's medium-term fundamentals remain bullish even if prices fall below $1,800 - AnalystsKitco News' general-interest stories takes a look at what is making headlines in the marketplace and how that is impacting precious metals prices
Read more »
Food prices continue to rise, as Canada's headline inflation eases to 5.9 per cent in JanuaryOn a monthly basis, Canada inflation rose 0.5%, or a seasonally adjusted 0.3%, with higher gasoline prices contributing the most to the monthly rise From alicjawithaj
Read more »
Brent oil falls on fears of global economic slowdownGlobal benchmark Brent crude was down $1.09 at $82.98 a barrel at 0910 GMT, while U.S. West Texas Intermediate crude for March was up 43 cents at $76.77
Read more »
Trudeau government mum on Japan’s invitation to rejoin global timber treaty | National NewswatchNational Newswatch: Canada's most comprehensive site for political news and views. Make it a daily habit.
Read more »
Putin says West wants global war against RussiaRussian president says defeating Russia is impossible, and Moscow will never give up
Read more »
Trudeau government silent on Japan's invitation to rejoin global timber treatyThe federal Liberal government has yet to respond to a months-old invitation from Tokyo to have Canada rejoin a global environmental organization that regulates the timber trade. A July 2022 briefing note obtained through an access-to-information request shows that Japan has asked Ottawa to be part of the International Tropical Timber Organization.
Read more »