Global equities expected to outperform fixed income in 2024: Barclays

• global equities set to outperform core fixed-income assets in 2024, expects mid-to-high single-digit equity returns in both the US and Europe
• bond yields to stay elevated

Citing:

• threat of a global economic slowdown have fallen
• equities holding up against a ‘higher-for-longer’ interest rate environment
• a largely AI-driven rally in US mega-caps, along with strength in the U.S. economy.

“The downside risks to the world economy have diminished greatly. We think stocks will benefit from a fairly benign bottom to this business cycle and look through near-term earnings disappointments. “We now turn overweight (on) global equities over core fixed income.”

Via a note from Barclays on Thursday, Ajay Rajadhyaksha, global chairman of research at the firm.

JPM outlook ICYMI:

• JP Morgan’s 2024 US Economic Outlook: Federal Reserve to start cutting rates in H2 of 2024

            This article was written by Eamonn Sheridan at www.forexlive.com.