© Reuters. FILE PHOTO: Euro, Hong Kong dollar, U.S. dollar, Japanese yen, pound and Chinese 100 yuan banknotes are seen in this picture illustration, January 21, 2016.
REUTERS/Jason Lee/Illustration/File Photo
LONDON (Reuters) – Pension and sovereign wealth funds forecast improved earnings for listed companies over the next year, but interest rate rises pose the greatest risk to financial market stability, a survey published on Friday showed.
Global shares have pushed to record highs as economic activity begins to scale up after the COVID-19 pandemic that ravaged equity markets and the global economy last year.
A recent Reuters poll of analysts found that most expected the rise in stocks to continue this year. Consistent with that view, a total of 68% of respondents to the Sovereign Wealth Fund Institute (SWFI) second quarter survey predicted a rise in earnings by at least 10% in the next year.
But the greatest threat to financial market stability was a rise in interest rates, according to survey respondents, who...read more...