You can follow her on Twitter The U.S. will lead a drop in inflation across markets that also produces a turn in interest rates in 2024, says Neil Shearing of Capital Economics.
Why is the 2023 copper price forecast downgraded?
The 2023 consensus price forecast for copper has been downgraded 0.4% amid the prospect of emerging surpluses in both the concentrate and refined copper markets. A recovering global economy is expected to reduce the refined market surplus in 2024, with emerging deficits from 2025 resulting in 0.4% average price upgrades across 2024-2026.
Will 2024 be a good year for US stocks?
“We believe 2024 will be year two of at least a 3-5 year process that will see US stocks exhibit more normal and typical performance, paced by a backdrop of normal and typical GDP and earnings growth, valuation, and bond yield ranges,” he wrote in a note. Analysts at Deutsche Bank also predict that 2024 will be for the bulls.
How risky is a recession in 2024?
They see “only limited recession risk” of about 15% in 2024. What analysts are saying: “While the November rally has likely pulled forward some of 2024’s gains, we remain constructive on the US equity market in the year ahead,” wrote Lori Calvasina at RBC Capital Markets in a note last week.
