WS #16649
The Bank of England is expected to join the global rate hike cycle, while rising US cost-of-living concerns weigh on consumer sentiment. These macro pressures are particularly acute for growth stocks and high-multiple tech firms, which are sensitive to discount rate increases. However, India's potential removal of capital gains tax for foreign investors offers a localized bright spot for Asian tech equities.
European Macro & Inflation
The Bank of England is expected to join the global rate hike cycle, while rising US cost-of-living concerns weigh on consumer sentiment. These macro pressures are particularly acute for growth stocks and high-multiple tech firms, which are sensitive to discount rate increases. However, India's potential removal of capital gains tax for foreign investors offers a localized bright spot for Asian tech equities.