After years with a relatively even and steady börsuppgångar on many of the leading stock exchanges came in the autumn of 2018, and turned up and down in the order.
“It has been a very messy and bad year on the stock market,” Johanna Litter, sparekonom on the Avanza.
The fact that several central banks, including the Riksbank, has raised interest rates, something has affected the investors. Also handelskonflikten between the united states and China, who have not yet got any solution, it has been a central issue.
“the Year has been characterised by an uncertainty about where the global economy is on the road,” says Johanna Litter.
lights up the numbers on the börsskärmar on all continents red when 2018 comes to an end. Countries such as China, Turkey and Argentina stand out among the losers.
“It has been a difficult year for emerging markets,” says Johanna Litter.
The strong dollar affect the countries that have large loans in the u.s. currency.
Mainly fragile government finances have made that the value of the argentine peso has been cut in half and lowered the value of investments in the argentine market.
the Development of the influential U.S. stock market has been characterised by teknikjättar like Apple and Facebook have had it tough.
” The last few years has techbolagen generally pushed the u.s. stock markets but this year there has been a lot of questions about their values. And so has the trust of many companies after failure, in particular Facebook, where it has been säkerhetsskandal on säkerhetsskandal, ” says Johanna Litter.
in the years include, for example, India and Brazil.
” India has a large domestic economy and is not as dependent on exports as China, for example, says Johanna Litter.
Both markets belong to such that relatively few swedes are investing in, according to her.
– Brazil is very volatile, and Brazil funds are typically such that some years look at the vinnarlistan and second year on the förlorarlistan.
Ahead of 2019, many global investors turned their attention to emerging markets, particularly in Asia.
– This is where you see the greatest potential because they have fallen so sharply this year. Many markets are priced quite low, ” says Johanna Litter.
But she believes as many others that you can expect to market uneasiness hangs a bit into next year.
– the Core issue is about where the economy is on the road and on corporate profits. The question is how big the slowdown will be in the next year. As long as there is a question mark there, we probably expect the rowdy exchanges, ” says Johanna Litter.
Read more: How do you handle the uncertainty in the market.