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Financial expert: Why Eastern European stock exchanges could outperform Western stock exchanges - forecast for 2024 and geopolitical challenges.
According to a report from www.business-on.de, a well-known stock market rule states that a poor first week of trading on the stock market indicates a possible bear market later in the year. This year this rule applied at least to Western stock exchanges such as Wall Street, the EuroStoxx 50 and the Dax, which all closed slightly in the red. In contrast, some Eastern European exchanges, including Hungary, Czech Republic, Croatia, Romania, and Kazakhstan, recorded positive trades in the first week of trading. The development of the stock exchanges in Eastern Europe last year suggests that they could also outperform the western stock exchanges this year. For example…
Financial expert: Why Eastern European stock exchanges could outperform Western stock exchanges - forecast for 2024 and geopolitical challenges.
According to a report by www.business-on.de,
A well-known stock market rule states that a poor first week of trading on the stock market indicates a possible bear market later in the year. This year this rule applied at least to Western stock exchanges such as Wall Street, the EuroStoxx 50 and the Dax, which all closed slightly in the red. In contrast, some Eastern European exchanges, including Hungary, Czech Republic, Croatia, Romania, and Kazakhstan, recorded positive trades in the first week of trading.
The development of the stock exchanges in Eastern Europe last year suggests that they could also outperform the western stock exchanges this year. For example, the Budapest and Warsaw Stock Exchanges each recorded an increase of over 40 percent in 2023, while the CECE index with Hungary, Poland and the Czech Republic recorded an increase of 35 percent.
For 2024, political and geopolitical challenges are expected to influence the stock market climate. The USA in particular is facing monetary and political decisions that could influence the stock markets. The Supreme Court will decide in February whether Donald Trump will be allowed to run in the primaries, which could also have an impact.
European and German stock markets are also facing difficult times, as political uncertainty and elections could lead to weaker sentiment and possible splits among popular parties. US influence and geopolitical challenges, such as the conflict in Ukraine and the situation in Israel, will create further uncertainty in the financial markets.
The development of oil prices and cryptocurrencies such as Bitcoin will also influence financial markets. Oil prices have risen slightly, while Bitcoin is off to a positive start to the year.
Against this background, it is crucial that investors and financial experts closely monitor developments on the stock markets in Eastern Europe and the US decision-making processes in order to make informed investment decisions. Political and geopolitical uncertainty requires a forward-looking and strategic approach to financial markets.
Read the source article at www.business-on.de