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The expectations of Hamburg financial experts for the stock market in 2024 and how investors can benefit from them.
According to a report from www.abendblatt.de, the year 2023 was an extraordinary year for the stock market and interest rates. The DAX rose by around 20 percent and reached a new all-time high in mid-December, while interest rates rose sharply. The Hamburg financial experts are optimistic about the situation on the stock market in 2024, but initially expect the market to consolidate. Haspa's investment strategist, Bernd Schimmer, predicts a DAX final level of between 17,200 and 17,600 points, whereby he would invest primarily in the food/drinks, utilities and digitalization/automation sectors. Investment boss Sy Schlüter expects corrections in the next few weeks or months, but also new...
The expectations of Hamburg financial experts for the stock market in 2024 and how investors can benefit from them.
According to a report from www.abendblatt.de,
The year 2023 was an extraordinary year for the stock market and interest rates. The DAX rose by around 20 percent and reached a new all-time high in mid-December, while interest rates rose sharply. The Hamburg financial experts are optimistic about the situation on the stock market in 2024, but initially expect the market to consolidate. Haspa's investment strategist, Bernd Schimmer, predicts a DAX final level of between 17,200 and 17,600 points, whereby he would invest primarily in the food/drinks, utilities and digitalization/automation sectors. Investment boss Sy Schlüter expects corrections in the next few weeks or months, but also new DAX highs later in the year. He also sees a return of smaller and medium-sized stock market stocks. The chief economists of the Hamburg bank Berenberg and M.M. Warburg & CO predict rising DAX levels and good prospects for European stocks of small and medium-sized companies for 2024.
Despite a possible correction, the stock market is predicted to have a positive overall development with rising prices. In addition, there are expected higher dividends and a possible return of smaller and medium-sized stock market stocks. Inflation is expected to rise moderately and the prospect of falling key interest rates in the Eurozone could further boost global stock markets. The prospects for 2024 are therefore positive overall.
Given these forecast developments, investors could diversify their portfolios to benefit from the expected developments. In particular, the aforementioned sectors of food/beverages, utilities and digitalization/automation could offer interesting investment opportunities. Greater consideration of smaller and medium-sized stock market stocks and possible investments in bonds with moderate returns could also be beneficial in 2024.
Read the source article at www.abendblatt.de