Global equities look situated for a significant rally in the new year should central banks begin easing monetary policy and the Federal Reserve manage a soft landing, according to HSBC. 'We expect global equity markets to climb higher and forecast 15% upside by end-2024,' said Alastair Pinder in a note to clients.
'But, against a backdrop of slowing economic growth and declining interest rates, we think market breadth will increasingly narrow, with a large proportion of the market treading water, while US supremacy will likely continue.' In recent instances where the Fed has engineered a soft landing, the S & P 500 has rallied 22% on average between the pause in hikes, and six months after the bank's begun cutting, he noted.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Sumber: NBCNewYork - 🏆 270. / 63 Baca lebih lajut »