Stocks markets are on a Record-Hitting Spree around the World 📈

Of 20 biggest stock markets, 14 have recorded all time high recently.

The biggest bourses in US, Europe, Canada, Brazil, India , Japan and Australia are currently at or near their peaks.

The US stock have been on all-time highs in 2024 at $12 trillion

This hike in stock market has increased hopes for a stronger economy while inflation takes a downward shift. Another impact is increased enthusiasm for artificial intelligence technology.

Bloomberg states, AI chip giant Nvidia Corp. on its own is responsible for one-fourth of the gains in S&P 500.

Our Thoughts: 💭

The Tech sector’s has been incredibly important in contributing the record breaking highs in stock markets. We await for more positive surprises this year.

Iran 🇮🇷 to have a New President

Iran President Ibrahim Raisi’s untimely death in a helicopter crash has raised the concern for electing a new supreme leader as his successor.

Iran has confirmed, the country will hold an election within 50 days. Foreign Minister Hossein Amirabdollahian, as well several officials, were also killed in the accident. Vice- President Mohammad Mokhber will lead the government in an acting capacity until a new vote is held.

Iran’s relationship with Saudi Arabia will now be in focus as the two major powers resumed diplomatic relations in 2023 following a seven year rift.

India Needs to Create Jobs to expand Economy 👩🏻‍💻💵

India needs to create 115 million jobs by 2030.

As more people enter the workforce, India needs to boost the service and manufacturing industry to expand economy, followed by consumer confidence and discretionary spending.

Our Thoughts: 💭

The economic expansion is not only going to increase GDP growth but also increase in production, increase in wages and increase in consumer spending. Consumer market is going to boom with expansion as there would be rapid increase in sales or demand for products.

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