News From Press Global stocks set for a correction as rally fizzles

Global stocks set for a correction as rally fizzles

Global stocks have recovered by more than 90% from the troughs hit during the first wave of the COVID-19 pandemic, according to the MSCI world equity index that tracks shares in 50 countries.

Source: ET Aug 27, 2021

The blistering rally in global stocks is nearly over, any further gains will be limited and a correction is likely by the end of the year, a Reuters poll of analysts found.

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