{"id":166205,"date":"2020-03-10T10:15:16","date_gmt":"2020-03-10T14:15:16","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=166205"},"modified":"2020-03-10T08:28:28","modified_gmt":"2020-03-10T12:28:28","slug":"markets-rebound-on-stimulus-hopes-expected-to-recover-by-year-end-devere-ceo","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/03\/markets-rebound-on-stimulus-hopes-expected-to-recover-by-year-end-devere-ceo\/","title":{"rendered":"Markets rebound on stimulus hopes, expected to recover by year end: deVere CEO"},"content":{"rendered":"
March 10, 2020<\/div>
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By George Prior<\/strong><\/p>\n

Global stocks are rebounding on stimulus measures and can be expected to recover considerably by the end of the year, affirms the CEO of one of the world\u2019s largest independent financial advisory organizations.<\/p>\n

The comment from Nigel Green, CEO and founder of deVere Group, comes as shares in the Asia-Pacific region jumped and European indices opened higher on Tuesday, recovering from dramatic losses on Monday following the increase in the number of certified coronavirus cases and the oil price war that ignited over the weekend.<\/p>\n

Mr Green notes: \u201cStock markets will rebound quickly on news of stimulus measures to be implemented by governments around the world to help cushion the economic impact of coronavirus and the oil price war that developed over the weekend.\u201d<\/p>\n

China has an investment plan for this year of tens of trillions of yuan, including gas pipelines and nuclear power plants.<\/p>\n

U.S. President Donald Trump has pledged a \u201cmajor\u201d economic relief package, potentially to include a payroll tax cut.<\/p>

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The UK Chancellor is expected to announce a raft of emergency measures to support businesses in his first budget on Wednesday.<\/p>\n

Meanwhile, Australia\u2019s billion-dollar coronavirus stimulus package is likely to include one-off cash payments to certain groups.<\/p>\n

The deVere chief executive continues: \u201cThe stimulus packages within major economies, together with the practical measures being taken to limit the spread of coronavirus – such as Italy\u2019s Prime Minister Giuseppe Conte placing the entire country on lockdown – plus China signalling that the outbreak has peaked with a visit to Wuhan by President Xi, will serve to calm markets.<\/p>\n

\u201cWe expect global stock markets \u2013 which are actively seeking bullish signals – to have recovered significantly before the year end.<\/p>\n

\u201cRight now investors, such as myself, are using this wave of volatility to review their portfolios where necessary and, importantly, to drip-feed new money into the market.<\/p>\n

\u201cA growing number of investors are going to be taking advantage of the current lower entry points to enhance their portfolios in the near-term.\u201d<\/p>\n

The deVere CEO concludes: \u201cMarkets are rebounding and it is likely that they will recover significantly by the end of 2020.<\/p>\n

\u201cInvestors need to ensure that they remain in the markets with well-diversified portfolios and should consider topping up their portfolios sooner rather than later in order to create, grow and protect their wealth.\u201d<\/p>\n

About:<\/strong><\/p>\n

deVere Group is one of the world\u2019s largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients.\u00a0 It has a network of more than 70 offices across the world, over 80,000 clients and $12bn under advisement.<\/em><\/p>\n

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By George Prior Global stocks are rebounding on stimulus measures and can be expected to recover considerably by the end of the year, affirms the CEO of one of the world\u2019s largest independent financial advisory organizations. The comment from Nigel Green, CEO and founder of deVere Group, comes as shares in the Asia-Pacific region jumped […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-166205","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/166205","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=166205"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/166205\/revisions"}],"predecessor-version":[{"id":166207,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/166205\/revisions\/166207"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=166205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=166205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=166205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}