Financing your needs and future aspirations
We expect the US to lead growth in 2024, outpacing Europe, where recovery is likely to remain tepid. China continues to wrestle with a tricky economic restructuring but other emerging and Asian economies may present opportunities to play a rebound, especially as the US election approaches.
In this market update, we discuss the strength of the equity rally this year, the end of ultra-easy monetary exceptionalism in Japan, and the investment case for gold.
Asia’s big three – China, Japan and India – are back in the spotlight for investors, albeit each for different reasons. Here, the Bedrock Research Team consider the opportunities from their respective equity markets.
Elections are one factor investors in China do not have to consider. But plenty of other challenges have weighed on Chinese stocks, which have retreated heavily in the last three years in the face of domestic and geopolitical risk, a limp post-COVID recovery, an ongoing real estate crisis and an attempted restructuring of the economy towards a new growth model.
India – now not just the world’s largest democracy but also its most populous country – goes to the polls next month. International investors, increasingly drawn into the country’s stock markets by a compelling growth story, will be watching closely. Seeking re-election for a third term, Prime Minister Narendra Modi must fancy his chances
On Thursday 22nd February 2024, Japanese stocks made history – by repeating the past. After a long, long wait, Tokyo’s Nikkei 225 Index finally regained the all-time-high it first attained on the final day of 1989. In 1990 Japan’s so-called ‘Bubble Economy’ burst and the country – and its stock market investors – endured lost decades.
This month, we discuss a dramatic AI-driven market surge and the path ahead.
