If 2020 wasn't enough, here are StanChart's 8 big market risks in 2021

A pandemic wasn't on too many lists last year, but global markets have largely recovered from the shock, helped by emergency fiscal- and monetary action

What could go wrong for investors next year after the ultimate black swan event of the coronavirus pandemic? Well, a lot, judging by Standard Chartered Plc’s list of potential market surprises for 2021.

Democrats winning control of the Senate, a U.S.-China detente driving a yuan rally to 6 versus the dollar, or oil crashing to $20 per barrel on an OPEC rupture. Those are among the eight “unlikely” events that could upend markets, according to the bank’s global head of research, Eric Robertsen, in an annual financial-markets surprises report.

A pandemic wasn’t on too many lists last year, but global markets have