(News Bulletin 247) – The European stock markets were quite hesitant on Tuesday (stagnation in London and Paris, -0.1% in Frankfurt) after a series of difficult sessions, against a backdrop of questions about the economic outlook and their impact on shares.
“We continue to expect risky assets to struggle in the second half of this year as major developed market economies slip into recession,” Capital Economics warned.
Nevertheless, the London analyst office expects these difficulties for risky assets to be fairly short-lived, thus anticipating a recovery in the global economy for next year.
“The enthusiasm for AI technology, which has been a tailwind for the stock market this year, will provide a further boost to US equities in particular,” he adds.
For the time being, European markets are hardly benefiting from positive signals from China, with encouraging words from its Prime Minister regarding the health of the world’s second largest economy.
‘Li Qiang said that economic growth in the second quarter will be higher than that of the first quarter and that Beijing will implement more effective policies to develop domestic demand and open markets’, points out Kiplink.
No data was scheduled for Tuesday in Europe, but the afternoon will see the appearance, in the United States, of durable goods orders, then sales of new homes and the Conference Board’s consumer confidence index.
Copyright (c) 2023 News Bulletin 247. All rights reserved.
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
