STOCK MARKET BLOG JANUARY 2024
by the CEO Silvano Grimaldi of the independent asset management company GRIMALDI & PARTNERS AG
MONTHLY REVIEW
The international stock markets ended the month of JANUARY with gains.
DRIVING FACTORS
- Generally robust economic data.
- Hopes for rapidly falling key interest rates in the USA.
- The falling yields on the bond market have provided upward momentum.
- Positive quarterly figures and optimistic profit prospects from some large companies, including from the technology industry.
- The booming topic of artificial intelligence (AI).
EQUITIES IN FOCUS
APPLE rises in anticipation of AI features after first upgrade this year
BofA Global Research upgraded the iPhone maker to "buy" from "neutral" and increased its price target to $225 from $208.
The new price target corresponds to an upside potential of 23 percent
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