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Markets may bottom out soon, but a sustained recovery is unlikely: Nomura

A sustained recovery in Asian markets, Nomura said, will largely depend on how the Covid situation and the ensuing curbs put in place to combat the pandemic in China plays out going ahead

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The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany | Photo: Reuters

4 min read Last Updated : Oct 19 2022 | 11:24 PM IST

A ‘mechanical’ bottom is likely in stock markets in the next few weeks, but a sustained recovery is unlikely, said analysts at Nomura in a recent report. Stocks, Nomura said, have historically bottomed out during recessions but not before, and do not bottom out when policy rates are still rising. That said, it expects Asian markets to recover ahead of their US peers.

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“Assuming no major stimulus and/or reopening in China in the months ahead, we do not think conditions are in place to call

Topics : Markets Ahead Asian stocks Nomura US Fed monetary policy US Federal Reserve US Fed rates China Asian markets US stocks and emerging markets US stocks

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