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Zhitong Finance APP was informed that HSBC Global Private Bank expects that the Fed will begin to reduce interest rates in the third quarter of 2024. In addition, the US economy's soft landing, corporate profitability, and steady growth in Asia will improve the global insurance intention of 2024, as well asInvestment prospects of the stock bond market.
Fan Zhuoyun, the chief investment director of HSBC Global Private Bank and Fortune Management, said that the bank's expected that the global economy will bottom out in the first season and gradually improve.The trend of inflation and cooling continues the materials to 2024.She expects that the Fed will reduce interest at the third and fourth seasons of 25 points at a time, and the federal fund interest rate will fall to the range of 4.75 to 5 at the end of next year.The fund interest rate will drop to 4%-4.25%.
Fan Zhuoyun emphasized that the basic scenario forecast of the bank reflects the soft landing of the US economy. Although the global economic growth in 2024 should be far lower than the normal level, in view of the stable consumption of the United States, and the US government launched stimulating measures, supporting the investment and investment and health care sector investment and investment and health care sectorInnovation, the growth engine of the United States continues to start.
Looking forward to the next six months, HSBC Global Private Bank will adopt a mild investment strategy to reduce cash, and hold a mild and high proportion of U.S. Treasury bonds, global investment bonds and hedge funds.The bank has a neutral configuration of global stocks, with a high proportion of the US, emerging Asian and Latin American stocks.In the Asian (outside Japan) stock market, the bank's favored structural growth is leading, and the mild and high proportion of India, Indonesia, and South Korea's stock market will maintain a neutral view on mainland China and Hong Kong stocks and focus on the opportunities for consumer consumption sectors.
Looking forward to 2024, HSBC Global Private Bank expects the global financial market to be supported by two positive factors, including the continuous cooling of inflation, the central bank of the main Western countries has stopped raising interest rates and the US economy is facing soft landing.These two positive development should help the global insurance in 2024 to rise.In the next two seasons of global growth slowdown and policy interest rates, cash invested cash into high -quality bonds, US and Asian stocks, and alternative investment, which should bring a diversified return and benefit source, help optimize the performance of investment portfolios and andSlow down the impact of market fluctuations.
Fan Zhuoyun pointed out that after the 2023 bond market re -priced, he believes that high -quality bonds will become the most attractive asset category in the first half of 2024.The bank's high proportion of US and British Treasury bonds, as well as investment -level corporate bonds in developed and emerging market, is expected to rise in 2024, bringing better basic factors for stock valuation.The global artificial intelligence investment boom will continue to 2024, further consolidating the views of the global, the United States and Asian information technology sectors.