Global Investment Views - March 2024

Thursday 14 March 2024

Global Investment View

A challenging rate-cut path for central banks

The strength of economic activity, and the market’s expectations of central bank policies and corporate earnings, have been driving asset prices. Valuations are excessive in some segments such as mega caps where profit margins are also high.

But the key question is whether these high margins justify current valuations? And will these companies be able to grow their top line quickly, while maintaining margins in a context of increased global competition and exhausted consumers? 


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