Analysts bullish on yen, US stocks, Reits and semiconductor plays as interest rates normalise

MACROECONOMIC uncertainty, lower risk-free rates and artificial intelligence (AI) are among the big investment themes for 2024.

Beneficiaries of these themes would include the Japanese yen, US-listed stocks, real estate investment trusts (Reits) and semiconductor companies, analysts and market strategists said.

The Federal Reserve might have lifted the overhang of higher interest rates at its December meeting, when it flagged interest rate cuts in 2024, but the economic climate remains cloudy.