GLOBAL stock markets are unlikely to plunge back to the lows hit in March but the optimism over 'green shoots' seems overdone.
That is the consensus from a survey of 16 fund managers by OCBC Wealth Management that also found that while the pace of economic decline is slowing, corporate earnings will remain under pressure for the rest of the year at least.
Fund managers - those polled included Schroder Investment Management, Aberdeen Asset Management, SG Asset Management and ING Investment Management - warned markets could be choppy in the near term given the pressure in company earnings.
