Global stocks are forecast to recover from current levels but stay well below record highs this year and next as a majority of more than 150 equity analysts polled by Reuters predicted a rebound that is both lackluster and uneven. That shift in view was largely down to stocks no longer having a backstop from central bankers, who are turning off the liquidity taps and are now more focused on fighting decades-high inflation by hiking interest rates, in many cases aggressively. While analysts were predicting a dull year for equities in the previous poll, taken only days before Russia's Feb. 24 invasion of Ukraine, the war threw stocks into disarray, with the U.S. Standard & Poor's 500 nearly in an official bear market last week.
(Bloomberg) -- Stocks fluctuated as traders awaited minutes from the Federal Reserve’s latest policy meeting to gauge the pace of monetary tightening.Most Read from BloombergPlot to Kill George W. Bush in Revenge for Iraq War Was Foiled, FBI SaysBiden Demands US ‘Stand Up’ to Gun Makers After Texas Attack Leaves 19 Children DeadTexas Shooter Kills Elementary School ChildrenStocks Finish Off Session Lows While Bonds Climb: Markets WrapThe S&P 500 was little changed. Dick’s Sporting Goods Inc. tum
A rally in energy and cannabis firms put Canada's main stock index on course for its fourth straight session of gains on Wednesday, even as the wider sentiment remained cautious ahead of minutes from the U.S. Federal Reserve's latest meeting. At 9:45 a.m. ET (13:45 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 102.71 points, or 0.51%, at 20,388.91. The energy sector rose 1.2%, riding on a jump in oil prices due to tight supplies and the prospect of rising demand from the summer driving season in the United States.