Reported about 1 year ago
DWS, the investment arm of Deutsche Bank, predicts a GDP growth of 2% for US stocks this year and expects the Federal Reserve to cut interest rates only once, with two more cuts in the first and second quarters of next year. They are optimistic about European stocks over Japanese and US stocks, remain neutral on Asian stocks, and are increasing their allocation to Taiwan and South Korea with the help of AI. DWS also discusses the possible outcomes of the US presidential election and their impact on trade, corporate tax, and government spending, and outlines three scenarios: divided government, liberal-leaning, and Trump re-elected. They are constructive on the long-term stock market outlook, particularly favoring communication services and financial industries in Europe, with a preference for gold and the US dollar as hedging instruments.
Source: YAHOO