NIKKEI 225 TO REACH 38,000 AT THE END OF DECEMBER 2024 – NOMURA
Nomura’s Chief Equity Strategist, Yunosuke Ikeda, explains why he believes the Nikkei 225 will reach its highest levels by the end of 2024.
Continued profit growth at Japanese companies
Although we expect some headwinds from a weaker Dollar and stronger Yen as US interest rates decline, our main scenario is for continued profit growth at Japanese corporations in FY24 and FY25 as the spread of a price-hiking culture leads to improvement in profit margins.
We forecast the Nikkei 225 at 38,000 at the end of December 2024.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.