Markets: Stock markets expected to enter a period of consolidation in the coming months (Assiom Forex)

September survey with Il Sole 24 Ore Radiocor

(Il Sole 24 Ore Radiocor) - Stock markets are expected to remain broadly stable over the next six months, with no significant peaks or troughs. This is the forecast emerging from the September Assiom Forex survey, carried out in collaboration with Il Sole 24 Ore Radiocor.

53 per cent of respondents expect prices to remain unchanged (with fluctuations between -3 per cent and +3 per cent), compared with 39 per cent in the previous survey in August. 25 per cent expect gains (from +3 per cent to +10 per cent), compared with 23 per cent the previous month, whilst 22 per cent foresee falling prices (between -3 per cent and -10 per cent), compared with 35 per cent in August. Of these, the probability of sharp losses exceeding 10 per cent between now and next spring remains at 2 per cent. “The September Assiom Forex survey shows that the majority of traders expect equity markets to remain stable at around current levels over the next six months. At the same time, the proportion of those expecting a rise has risen marginally, whilst the proportion of those forecasting a fall has fallen,” comments the association’s president, Massimo Mocio.

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