Global equities expected to outperform fixed income in 2024: Barclays

<p>Barclays have turned overweight on global equities vs. fixed income:</p><ul><li>global equities set to outperform core fixed-income assets in 2024, expects mid-to-high single-digit equity returns in both the US and Europe</li><li>bond yields to stay elevated</li></ul><p>Citing:</p><ul><li>threat of a global economic slowdown have fallen</li><li>equities holding up against a 'higher-for-longer' interest rate environment</li><li> a largely AI-driven rally in US mega-caps, along with strength in the U.S. economy.</li></ul><p>"The downside risks to the world economy have diminished greatly. We think stocks will benefit from a fairly benign bottom to this business cycle and look through near-term earnings disappointments. "We now turn overweight (on) global equities over core fixed income."</p><p>Via a note from Barclays on Thursday, Ajay Rajadhyaksha, global chairman of research at the firm.</p><p>JPM outlook ICYMI:</p><ul><li><a href="https://www.forexlive.com/centralbank/jp-morgans-2024-us-economic-outlook-federal-reserve-to-start-cutting-rates-in-h2-of-2024-20231116/" target="_blank" rel="follow" data-article-link="true">JP Morgan’s 2024 US Economic Outlook: Federal Reserve to start cutting rates in H2 of 2024</a></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.