Investors are turning increasingly bullish on U.S. markets as they declare its economy in better health than major rivals from Europe to Asia, according to the Bloomberg Global Poll.
As the World Economic Forum’s annual meeting began today in Switzerland and Federal Reserve policy makers convene in Washington, 48 percent of respondents predict the U.S. will be among the world’s best-performing markets this year, according to the quarterly poll of 1,209 investors, analysts and traders who are Bloomberg subscribers that was conducted Jan. 23-24. That’s the highest rating for the U.S. since the poll began in 2009 and it’s more than twice that of Brazil and China, the second-ranked markets.
Payrolls in the U.S. grew by 200,000 workers last month after a gain of 100,000 in November, the Labor Department’s report showed on Jan. 6. The jobless rate unexpectedly declined to 8.5 percent, the lowest level since February 2009, from 8.7 percent the prior month. An improving job market and freer credit may underpin American consumer sentiment and spending just as the debt crisis in Europe prompts additional belt-tightening overseas.