Saxo Bank, a leader in online trading and investing, has surveyed traders and published a study on investor expectations for 2024.
The unpredictable nature of the financial markets continues to keep investors on edge. Saxo Bank has identified the key factors that traders consider and evaluate to understand current economic and geopolitical events. Traders use this information to shape their investment strategies.
Damian Hitchen, CEO of Saxo Bank MENA, stressed the importance of keeping clients informed of macroeconomic and geopolitical developments. "Our survey and analysis help clients make informed decisions while navigating complex and dynamic market conditions," he said.
After a successful 2023, in which markets avoided recession and equity returns rose, Saxo clients entered 2024 with some caution as markets anticipated lower interest rates.
"2024 has started the year with record highs in many equity markets, despite volatile expectations for central bank rates and inflation," said Peter Garnry, Head of Equity Strategy at Saxo Bank.
The Saxo Bank survey revealed investor uncertainty about the main US index, the S&P 500, with more than half of respondents expecting it to rise and 30 percent predicting a fall. Investors believe that North America will continue to outperform other financial regions, while nearly 40% of respondents believe that Europe will continue to lag.
The survey also confirmed that geopolitical tensions, the upcoming US elections, and ongoing recession fears are important factors that could affect investment strategies.
Saxo Bank is committed to maintaining its industry-leading position by providing clients with the relevant data and analysis they need to make informed investment decisions in an ever-changing global economic landscape.
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