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Search resuls for: "Hari Kishan Indradip Ghosh"


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REUTERS/Andrew Kelly Acquire Licensing RightsSummary poll dataBENGALURU, Nov 22 (Reuters) - Most key global stock indexes are forecast to rise modestly over the coming year, closing 2024 below record highs, while a slim majority of stock market experts polled by Reuters expected their markets to touch new peaks within the next six months. However, only a handful of the 15 top stock indexes were predicted to trade at record peaks by end-2024, based on a wider Nov. 9-22 poll of more than 120 stock market experts. LOWER BOND YIELDSFor now, markets are pricing in a series of 2024 rate cuts, which is sending bond yields lower and stock prices higher. "Falling bond yields are being interpreted by equity markets as a positive in the near-term," said Marko Kolanovic, chief global markets strategist at J.P. Morgan. Canada's main stock index was expected to rise less than previously thought over the coming year as a slowdown in the global economy weighs on the outlook for corporate earnings.
Persons: Andrew Kelly, Ajay Rajadhyaksha, Marko Kolanovic, Morgan, Hari Kishan, Indradip Ghosh, Ross Finley, Alex Richardson Organizations: New York Stock Exchange, REUTERS, Reuters, Traders, U.S . Federal, Barclays, Nikkei, Thomson Locations: New York City, U.S, BENGALURU, Monday's, Bengaluru, Buenos Aires, London, Mexico City, Milan, New York, San Francisco, Sao Paulo, Tokyo, Toronto
Among the nine housing markets surveyed, prices in six were expected to drop next year. Cost of living increases will also reduce demand as some consumers delay home purchases," noted analysts at Fitch Ratings, adding there was "significant uncertainty" around how much house prices would fall. An overwhelming majority of analysts polled by Reuters in the past weeks said house prices need to fall more than they currently expected in order to make them affordable. Already falling sharply, Australia and New Zealand housing prices were likely to fall further next year, by around 16%-18% from their peaks. The last time house prices fell sharply was during the global financial crisis almost 15 years ago, but with most major economies forecast to enter only a shallow recession, a similar crash was unlikely.
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