Asia FX rises; US-Japan trade deal boosts yen, won to 2-week highs
Investing.com -- Panmure Liberum strategists predict a potential bear market for U.S. stocks, foreseeing a drop of more than 20% from the all-time highs recorded in February. This prediction comes in the wake of President Donald Trump’s recent tariff announcement.
Strategists Joachim Klement and Susana Cruz suggest that this could result in the S&P 500 falling to 4915 points, a decline of 13% from Wednesday’s close, according to Bloomberg.
The strategists also anticipate a correction in the UK and EU stock markets, but they do not expect these markets to enter a bear market.
They believe that these markets are likely to outperform US equities in the current situation.
Furthermore, the strategists predict that UK stocks will likely emerge as relative winners. They base this prediction on the belief that UK stocks will face only half the tariffs of the EU.
This suggests a less severe impact on UK stocks compared to their EU counterparts.
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