Global stocks set for a correction as rally fizzles, say analysts

The spread of the Delta variant of the coronavirus and the U.S. Federal Reserve's pending plans to taper its asset purchases are likely to leave equity markets exposed to turbulence

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.
 

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.
 

But the rally is struggling to maintain its pace.
 

The spread of the Delta variant of the coronavirus and the U.S. Federal Reserve's pending plans to taper its asset purchases are likely to leave equity