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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