Banks forecast stock market selloff anytime before year-end

Stocks are hovering around record highs with the S&P 500  of US shares up about 18% in 2021, the tech-heavy Nasdaq about 19% higher and the Europe-wide Stoxx 600 up 17%, but investors are expecting a pullback in stock markets of 5% to 10% before the end of the year. According to a monthly poll from Deutsche Bank conducted between 7-9 September and covering over

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Big rush of Chinese investors to local equity market

Investors in China are turning to mainland Chinese A shares as other investment options like real estate and cryptocurrencies come under tighter government scrutiny. Stock trading volume across the local stock markets has held above 1 trillion yuan ($154.56 billion) for the last six weeks and hit a high for the year (1.71 trillion yuan) on Wednesday (Sept.1) , according to Shanghai-based Wind

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September is here and risks are rising for stocks

September is set to live up to its reputation as the worst month of the year for the stock market, as strategists say stocks face plenty of potential risks. Since 1950, the Dow Jones Industrial Average (DJIA) has averaged a decline of 0.8%, the S&P 500 has averaged a 0.5% decline during September while the Nasdaq which was first established in 1971

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Tokyo stocks jump with the Nikkei 225 soaring 500 pts

Japan’s Nikkei 225 jumped on Monday (August 23) after hitting its lowest since December in the previous session. The jump came following August manufacturing data showing manufacturing activity across Japan continued to expand through August, the seventh straight month of growth, amid ongoing COVID-19 restrictions. August’s manufacturing PMI score of 52.4 is down from 53.0 a month earlier, although it remains above

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World stocks rocked by US Federal Reserve plan

Minutes from the U.S. Federal Reserve’s 27-28 July meeting released Wednesday (August 19) suggest tapering of monthly asset purchases “could be appropriate” before the end of the year as most participants said progress had been made toward the central bank’s inflation goal. Meanwhile, “some” Federal Open Markets Committee (FOMC) members noted it would be better to wait until 2022 to start tapering

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Wall Street’s top regulator is looking to change the rules around equity trading

The U.S. Securities and Exchange Commission (SEC), the top US stock market regulator, is reviewing possible changes to some of the stock market’s most fundamental rules according to remarks made by Chairman Gary Gensler on Wednesday (June 9) at an industry conference in New York. “I’ve asked staff to make recommendations for the Commission’s consideration on best execution, Regulation NMS, payment-for-order flow,

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