Placeholder canvas
HomeFinance NewsEuropean Markets Open to Close: FTSE, CAC 40, DAX Trading Performance

European Markets Open to Close: FTSE, CAC 40, DAX Trading Performance

Published on

The BNP Paribas Wealth Management CIO weighs in on the recent earnings reports and stock market performance in the US and Europe. Mid-cap stocks also contributed to the market rally. Meanwhile, U.S. stock index S&P 500 recorded a new record high, closing above the 5,000 mark on Friday afternoon. However, Infrastructure Capital Advisors’ Jay Hatfield predicts that the S&P 500 has the potential to reach 5,500 by the end of the year, representing a 9% rise.

Chief economist at Allianz, Ludovic Subran, emphasizes the importance of company strategies in determining returns over the macro environment. He discusses the global effects of the “Magnificent Seven” dominance in the U.S. and the potential impact of a re-rating. On the other hand, investing in tech stocks is still a good option for investors as they continue to perform well in the market. Tech stocks in Citi’s list of top “high-conviction” picks from different markets around the world provide an opportunity for further upside for investors.

Source link

Latest articles

Super Micro jumps as AI server manufacturer prepares to join S&P 500.

Super Micro Computer saw a surge in its stock price by 13.5% in after-hours...

Analyst Ivan Feinseth Predicts Nvidia Stock to Reach $820

Nvidia (NASDAQ:NVDA) has been unstoppable in the market, driving an AI-themed rally and consistently...

Three games exiting Xbox Game Pass in early March 2024.

Microsoft has announced that three games will be leaving Xbox Game Pass in early...

‘Rust’ armorer accused of mishandling guns and facing emotional testimony in trial.

The first week of Hannah Gutierrez-Reed’s criminal trial focused on the eyewitness accounts of...

More like this

Super Micro jumps as AI server manufacturer prepares to join S&P 500.

Super Micro Computer saw a surge in its stock price by 13.5% in after-hours...

Analyst Ivan Feinseth Predicts Nvidia Stock to Reach $820

Nvidia (NASDAQ:NVDA) has been unstoppable in the market, driving an AI-themed rally and consistently...

Three games exiting Xbox Game Pass in early March 2024.

Microsoft has announced that three games will be leaving Xbox Game Pass in early...