Setting the Stage: World Indices Setup for 2024


World Indices setup for 2024

AEX – Netherlands

 

ASX All – Australia

 

ASX 200 – Australia

 

Cac 40 – France

 

Ftse MIB – Italy

 

UK

 

Canada

 

Spain

 

WIG 20 – Poland

 

Bovespa – Brazil

 

Mexico

 

Indonesia

 

Pakistan

 

Nikkei 225 – Japan

 

Dow Jones – USA

 

Nasdaq 100 – USA

 

Russel 2000 – USA

 

S&P 500 – USA

 

Shangai Composite – China

 

Dollar Index (DXY)

 

Nifty 50 – India

 

Conclusion

Global stock markets are close to reaching new all-time highs after a period of long consolidation, suggesting a setup for a positive trend in 2024.

The recent pause in rising interest rates and the expectation of a soft landing indicate a favorable environment for ongoing growth and receding inflationary trends

A Bull Market now or after some consolidation is imminent for Indian markets given the global setup

However, we should be a bit cautious regarding global issues like any geo-political or ongoing war situation that could change the situation.

Keeping an eye on the above charts, one should continually monitor how does things progress !!!

 

 



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