Election Year 2024 Change Global Markets

Election Year 2024 Change Global Markets

Elections are scheduled to take place this year in India, the US, Europe, Russia, and other nations that collectively account for almost 60% of the world economy. The “ballot box bombshell” Election Year 2024 Change Global Markets , according to financial experts that the markets are expected to face could lead to trading,.

The Economist reports that 76 countries are planning universally accessible elections for2024 year. More over half of the world’s population—4.2 billion people—live in these nations. Elections are scheduled to occur in eight of the ten most populous countries worldwide, namely India, the United States, Indonesia, Pakistan, Bangladesh, Brazil, Russia, and Mexico (Chart).

Elections will be municipal or local in places like Brazil and Turkey, but everyone will be there. Likewise, the upcoming parliament of the European Union will be chosen by its 27 member states.

In defiance of Chinese efforts to reject him, Taiwanese voters on Saturday overwhelmingly elected Lai Ching-te, the presidential candidate of the ruling Democratic Progressive Party.

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Lowa will host the party’s inaugural nomination contest on Monday, which pits American Republicans running for president against each other.

But what will matter far more will be the effect of US politics. The US presidential election this year overshadows all other electoral contests, not only because of the serious threat the outcome poses to the nation’s democracy and liberal order, but also because of the potential damage it could do to the transatlantic alliance, international security, and the US’s reputation and allure as an investment destination.

It is challenging to forecast future market trends, though. So far this earnings season, industries including capital goods, autos, and banks have posted strong results, and corporate profitability and balance sheets are also in reasonable shape.

2024 General Election results will be the next catalyst for the equity markets. Short-term volatility can be caused by state elections, but one important thing to watch is what happens in the general elections in 2024.

Additionally, from the perspective of the equities market, the development in global interest rates is crucially monitorable.

2024 will be a year filled with uncertainty, not a dash but dollops of it. The year will essentially be defined by three issues: a busy election calendar, global monetary policy action led by the Fed, and geopolitics with two blazing wars in Europe and the Middle East.

The expectation of a “higher for longer” interest rate environment has prevented foreign institutional investors, or FIIs, from investing in emerging markets (EMs), and any sign that interest rates are topping out could encourage international equity market flows.