The Business Times
business-time-50
CIO CORNER
·
SUBSCRIBERS

The big surprises of 2023 and what it means for 2024

google-preferred-sourceAdd BT as a preferred source
    • The top 10 stocks by market capitalisation account for over 65 per cent of the returns in the S&P 500 in 2023. While these names will benefit from falling interest rates and the widespread adoption of artificial intelligence, investors could seek investment opportunities beyond the mega-caps.
    • The top 10 stocks by market capitalisation account for over 65 per cent of the returns in the S&P 500 in 2023. While these names will benefit from falling interest rates and the widespread adoption of artificial intelligence, investors could seek investment opportunities beyond the mega-caps. PHOTO: PIXABAY
    Neo Teng Hwee

    Neo Teng Hwee

    Published Wed, Dec 27, 2023 · 05:00 AM

    INVESTORS have plenty to celebrate in 2023. As measured by the MSCI World Index, global equities grew over 20 per cent while long-term interest rates fell, leading to price gains for bonds. This is a pleasant surprise, as at the start of the year.

    Many forecasters were expecting a recession in the United States due to the elevated inflation: 6.5 per cent for Consumer Price Index (CPI) and 5.7 per cent for core CPI against the Fed’s target of 2 per cent. 

    Several market pundits also expected inflation to be sticky due to a myriad of structural dynamics such as de-globalisation and energy transition. 

    CIO CornerInflationInterest rates

    TRENDING NOW

    Longest-serving chief minister Taib Mahmud’s legacy looms large over Sarawak as a family feud over his estate threatens to expose skeleton’s in the eastern state’s political closet.

    On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart

    Piyush Gupta, chairman of SMU, Keppel and Mandai Wildlife Group, said: "We have to position the parks to serve our advocacy purpose, to serve an entertainment purpose, to continue to be what Singaporeans want.”

    Not retirement, but a rewiring and fresh perspectives post-DBS, says Piyush Gupta

    According to a 2025 survey by the Indonesian Internet Providers Association, millennials and Gen Zs make up 86.6 per cent of online borrowers.

    ‘I feel so stupid’: How young Indonesians get stuck on the debt treadmill

    A wind farm in South Sulawesi. Indonesia could deliver around 3 gigawatts of renewable energy capacity to Singapore.

    Indonesia targets year-end start for US$30 billion clean power exports to Singapore

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More