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2023 in review: Morgan Stanley remains optimistic about the outlook for global market macros in 2024, foreseeing another positive period. The brokerage has identified ten potential surprises that could significantly impact global markets in 2024.
Highlights Of US Markets In the last week, U.S. stock markets exhibited mixed performances, with major indexes ending with slight gains. The US benchmarks, the S&P 500 and Dow Jones, ended the week with +0.21% and +0.01%, respectively. The technology-heavy Nasdaq Composite gained 0.69%, while the Nasdaq 100 closed at +0.54% for the week.
It is quite a resilience that nothing broke despite rates rising this high after prolonged pause at 0%. But this time, the reaction function of the US Fed may not take us to zero. What makes this situation different from those in the past?
The Reserve Bank of India has been holding policy rates since February this year. The apex bank had raised policy rates by 2.5% before the pause, starting from May 2022, to contain the inflationary pressure in the economy.
Are you preparing for UPSC CSE Prelims 2024? Check your progress and revise your topics through following quiz on Economy.