Standard Chartered's Chief Investment Office has released its fourth-quarter outlook, expressing optimism about U.S. and Indian equities. The positive sentiment is driven by expectations of a soft landing for the U.S. economy, broader earnings growth, and advancements in the technology sector.
The bank has set a 12-month target price of 6170 points for the S&P 500 Index. This target indicates a potential upside of approximately 8% from its current level. Furthermore, Standard Chartered remains heavily weighted on Indian equities, highlighting the favorable prospects in these markets.
