Traders work on the floor of the New York Stock Exchange Wednesday, March 20, 2024. U.S. markets are far outpacing their global counterparts in 2024, continuing a decades-long trend of strong growth compared with the rest of the world. haven’t delivered,” Wren said, in a note to investors.
The strong economic data bodes well for investors focused on earnings growth as a key investment consideration. The U.S. government’s latest jobs report for March is a key example, coming in much stronger than expected and helping to rally stocks. The European Central Bank also has its key interest rate at a record high, but has hinted that it could start making cuts in June. The Swiss National Bank made a surprise cut to its key interest rate in March. The moves could boost confidence in the European economy, which all but stalled in 2023.