Global Markets in 2021: Recoveries, reflation and wrecking balls – Reuters

Global Markets in 2021: Recoveries, reflation and wrecking balls – Reuters

LONDON/NEW YORK, Dec 22 (Reuters) - For global financial markets, the second year of the COVID pandemic has been nearly as dramatic as the first.

The stocks bulls have stayed firmly in charge, surging energy and food prices have turbo-charged inflation, rattling the bond markets, while China has seen $1 trillion wipeouts in its heavyweight tech and property sectors.

On top of all that, Turkey exits 2021 in currency chaos, bitcoin and cryptokind have crushed it, small-time traders gave some hedge funds a drubbing and though green has gone mainstream, dirty old oil and gas have been the big winners, up more than 40% and 50%.