Stock market pullback likely by year end, Deutsche Bank survey finds

Survey of investors finds possibility of new Covid-19 variants poses biggest risk to stability

More than two-thirds of investors are anticipating a stock market pullback before the end of the year, research suggests, amid concerns over growth prospects and the Covid-19 Delta variant.

According to a poll of over 550 global investors by Deutsche Bank, an equity correction sometime before the end of the year is an overwhelming consensus now", with 58% forecasting a drop of 5% to 10%.