Reuters reports that a market sentiment survey published by Deutsche Bank showed that an equity market correction of 5%-10% by the end of the year was the overwhelming consensus.

According to the report, conducted from September 7-9 and covering over 550 market professionals globally, 58% of respondents said they expected an equity selloff by year-end.

COVID-19 was still considered the biggest risk to market stability, with 53% of survey participants citing concerns over new virus variants that bypass vaccines. This was followed by higher-than-expected inflation.

The September survey also showed that belief in transitory inflation -- as flagged by central banks -- is edging down though it still remains the consensus.