Little Change Seen in Global Stocks by July 2021

Global stocks are expected to remain mostly unchanged from their current levels by this time next year, according to a recent report by Citi bank, CNBC reported.

This comes as bullish and bearish forces would cancel each other out.

Citi remains overweight in the US and emerging market equities with a defensive tilt best describing its strategy.

“Global central banks are likely to buy $6 trillion of financial assets over the next 12 months, over twice previous peaks,” the report stated.