Market Overview – March 2024

Optimisms take precedence over pessimists · 13 March 2024

During the month of February, equity investors confirmed their optimism. Indeed, the American, European and Japanese markets all broke records. Chinese stocks are far from breaking records, but they have nevertheless rebounded strongly. They posted their strongest outperformance compared to other regions since July. This good performance of Chinese stock markets came after the authorities announced a series of energetic measures to support the markets and the economy. The Chinese markets have, as usual, taken most Asian markets in their wake. The explanation for this optimism towards stocks is mainly explained by rather positive economic growth and the increase in corporate profits. Indeed, the earnings season has been positive and continues to demonstrate solid margins despite interest rates and inflation. Growth companies continue to highlight their potential. One positive is that the strength of the equity market has extended across all market caps and sectors.

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Market Overview - March 2024 Survol des marchés - Mars 2024