By: Mahmoud Gamal
Mubasher: Analysts told Mubasher that they expected global markets' indices would rise to standard levels in 2017 on the economic promises of the US president elect Donald Trump.
Positive expectations for better quarterly results will also push the indices towards the top, despite raising the interest rate and awaiting election results in some European countries, analysts added.
US markets topped global markets, from the beginning of the year and till Sunday's trading session, with the Dow Jones index rising 14%.
The US president's motivational plans announced after the elections, along with pledging to spend more on the infrastructure would have a positive impact on the commodities sector and its shares in 2017, technical analyst, Karim Ragheb, told Mubasher.
He added that Germany's main DAX index has not benefited from the positive period in the second half of 2016 as strongly as the US markets have.
Moreover, the Japanese bourse's main index Nikkei will benefit from the slump of the yen in 2017, which levelled down 15% in December, Ragheb noted.
The analyst pinpointed that the steadiness of these markets despite the rate hike means either that these markets will continue to go upwards or downwards.
Global markets may witness more fluctuations in prices at the beginning of 2017, waiting for the elections' results in some European countries, led by France and Germany, technical analyst, Al Hassan Ali Bakr, told Mubasher.
Technical analyst, Ahmed Al Shaar, told Mubasher that the next statement of Trump will determine the markets path in 2017, advising traders not to increase positions amid the blurry state.
Translated by: Sara Ghali
