Reported 11 months ago
French bank BNP Paribas released a mid-year market outlook, noting more interest rate cuts by central banks next year compared to this year, creating investment opportunities in the forex market. The US Federal Reserve is expected to cut interest rates four times next year, with rates projected to drop to 4.25%. Historically, post-election US stocks tend to rise by 11-12%, benefiting Taiwan's tech and semiconductor sectors. BNP Paribas advises focusing on policy rather than politics ahead of the US presidential election in November, emphasizing that regardless of the election outcome, the US stock market typically experiences growth post-election.
Source: YAHOO