Stocks set for range trading as central banks near end game: Poll

Global stock indices are predicted to end the year on higher ground than where they began, but many are set to be range-bound in the coming months, according to a survey of market strategists by Reuters. Recoveries from 2020’s drubbing have been tempered by uncertainty over the end of central banks’ interest rate hikes. Since recovering from March lows, only two-thirds of the 97 analysts surveyed expect narrow range trading. Among 104 experts predicting the primary drivers of stock markets, the most popular reasons were economic data and monetary policy.