The global economy has not been all that rosy for some time now, but a global recession is not expected in 2020 either. The global stock market continues to benefit from a fairly good fundamental basis and the technical view also gives hope for a further upside. Equity valuations remain promising compared with bonds – and corporate earnings should also pick up again this year. As in previous years, the US equity market offers the greatest opportunities for investors in 2020, but the US election campaign could turn out to be the biggest risk for global markets. (…)
28.02.2026