The stock market shone in 2023, but there was a lack of new blood

Posted on December 29, 2023 at 7:15 pm.

Seeing the extreme sensitivity of investors in 2023 to inflation, interest rates and slowing global growth, all concerns that have dictated the trend of the stock market for the past twelve months, was far from It is good to see most stock markets end the year with good and sometimes very good performances, with records in Paris, New York, Frankfurt and Mumbai.

After a disappointing 2022 (the MSCI World index of world stock markets lost almost 20%), the Cac 40 gained 16.5%, the Dax 20%, the iBovespa (Sao Paulo) 22%, the S&P 500 25% and the Nikkei in Tokyo 28%. We forgot about the debt crisis in Greece, where the Athens Stock Exchange (+38%) was until recently on par with the big champion of 2023, the Nasdaq, before it was barely left behind by the stellar tech market and its 44% gain. Only Chinese indexes disappointed, with the CSI 300 down 11% and Hong Kong’s Hang Seng down nearly 14%. For once, red didn’t rhyme with luck in China.

Leave a Comment