Five factors that will drive global equites higher still in H2 of 2024Snippet via HSBC on likely potential tailwinds for stockmarkets globally in this second half the year.
Analysts at the bank say their discussion with clients indicate to much attention being paid to downside risks, and overlooking 5 key potential triggers for higher prices yet to come:
- Earnings reports remain positive
- The 'Goldilocks macroeconomic landscape to underpin valuations
- Ongoing momentum in artificial intelligence developments
- Market breadth improvement
- Little sign of clear sell signals
While HSBC are bullish, they expect returns to be lower than in H1.
This article was written by Eamonn Sheridan at www.forexlive.com.
Source: Five factors that will drive global equites higher still in H2 of 2024 (https://www.forexlive.com/news/five-factors-that-will-drive-global-equites-higher-still-in-h2-on-2024-20240723/)
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