Of the world’s 20 largest stock markets, 14 recently hit record highs, according to the publication’s analysts. According to experts, the unprecedented growth is due to falling interest rates, a “healthy economy” and rising corporate profits. They announced the recovery of the Russian and Chinese markets.
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The decline in world stock markets in April, according to the agency, did not last long; there were many people willing to buy assets when they fell. Now even Chinese stocks, which have struggled since peaking in February 2021, are starting to recover. A similar trend is observed in the Russian market.
In the United States, the growth of these indicators is associated with enthusiasm for artificial intelligence technologies.
European stocks are also posting record gains. The reason could be that the ECB has adopted a “more dovish tone” than the Federal Reserve, and bond markets expect it to cut rates even before the United States.
Gold and copper set multiple records in 2024, boosting Canada’s mining sector.
“Precious metal prices are approaching 10-year highs set just a few weeks ago, which could support the Canadian index for now, although a reversal could spell trouble,” the paper’s analysts said.
The day before, the Moscow Stock Exchange index exceeded 3.5 thousand points. This happened for the first time since February 2022. RBC experts suggest that this is due to the closed nature of the Russian financial system, the low influence of international speculators and other factors.
We previously wrote that the Moscow Stock Exchange began calculating and publishing a new indicator – the “Moscow Stock Exchange IPO Index”.
Author:
Nikolai Tikhonov
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
