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Friday, 26.04.2024, 08:01
RAM experts: “Investors’ optimism surged to new highs in February”
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In February market conditions were completely opposite to the same month last year. Investors seriously reconsidered probabilities of FOMC rates move in March – the probability of hike jumped from 30 per cent to more than 80 per cent in just a week. “In case U.S. labour market would not negatively surprise, investors can expect the first rate hike under the president Trump already in March”, note Rietumu Group specialists.
RAM experts draw attention to the fact that Europe’s economy was doing better than expected. Europe enjoyed growing economic activity, high business confidence and high consumers’ optimism.
In February oil prices entrenched in tight range and gold prices were relatively stable. “We pay attention to the announced plans of Chinese government to drastically decrease air pollution, which potentially could be favourable for some metals in the second half of the year”, say the RAM experts.
Majority of the S&P 500 companies reported quarterly financial results by February. According to the results, earnings grew second quarter in a row. Interestingly that the stock index grew faster than was revenue and earnings growth pace.
“Overall, investors’ optimism surged to new highs in February. Nevertheless, market’s moves are often exaggerated, and there are numerous examples of that”, finalized the experts.
The overview of RAM and relevant commentaries of experts can be found here.
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