Market Review – November 2024
Markets weaken on US electionjitters and lower rate cut expectations Global markets were weaker in October while volatility increased as US election uncertainty weighed on investor confidence. A soft landing in the US has increasingly become the consensus view as economic data continues to show resilience in the US economy. This resilience primarily stems from […]
Market Review – October 2024
Markets gain on Fed rate cut and China stimulus. Markets rebounded from a weak start to September in what is historically a challenging month for equity markets. The US Federal Reserve’s 50 basis point rate cut plus expectations for a soft-landing lifted investor confidence, while investor sentiment was buoyed after the Chinese government took concrete […]
Market Review – September 2024
Markets gain in August despite heavyearly sell-off. August was an eventful month for global markets, beginning with a dramatic sell-off across equity markets following the release of disappointing US economic data and a bigger-than-expected hike in interest rates by the Bank of Japan (BOJ). Fears of a recession in the US, and a reversal of the yen […]
Market Review – August 2024
Softer inflation spurs major rotation out of big tech. Global markets were mixed in July with interest rate sensitive assets gaining most as rate cut expectations were brought forward following weaker than expected US inflation data. Volatility increased across markets driven by political upheaval in the US, escalating tensions in the middle east and concern over […]
Market Review – July 2024
Equity markets mixed as US techstocks lead the way Global markets were mixed in June with US equities continuing their upward trajectory while equity markets in Europe and Asia mostly declined. Wall Street gained amid softer-than-expected US inflation data and a reassurance that the Federal Reserve will still cut interest rates this year. The S&P 500 […]
Market Review – June 2024
Equity markets gain despite mixedeconomic signals. Global markets gained in May with both equities and bonds yielding positive returns. In the US, the S&P 500 gained 4.8% while the tech-heavy Nasdaq Composite climbed 6.9% driven by strong first quarter earnings from technology companies. AI behemoth Nvidia led the charge, helping drive gains in May, surging 27% following better-than-expected […]
Market Review – May 2024
Equity markets succumb to hawkishinflation data. Global markets mostly declined in April as higher than expected US inflation data fuelled concerns that major central banks would hold interest rates at high levels for an extended period. In the US, the S&P 500 fell 4.2% while the tech-heavy Nasdaq Composite shed 4.4% as rising bond yields and […]
Market Review – April 2024
Equity markets advance closing out astrong Q1 Global equity markets made further gains in March, capping off a strong first quarter, as investors looked ahead to the prospect of a rate easing cycle commencing mid-year. In the US, the S&P 500 gained 3.1% while the tech-heavy Nasdaq Composite index added 1.8%. A stronger than expected US […]
Market Review – March 2024
Equity markets gain despite rate cutexpectations being pushed out Global equity markets made positive gains in February, while global bonds retreated, as resilient economic data pushed out rate cut expectations. Both emerging and developed market equities made solid gains with Chinese equities rebounding and Japan’s Nikkei (+7.9% MoM) continuing to deliver outstanding performance. The Nikkei 225 […]
Market Review – February 2024
Global markets mixed as central bankers push back on early rate cuts Global markets were mixed in January as conflicting economic data pointed to uncertainty over the timing of central banks’ monetary policy pivot this year. Geopolitical concerns also weighed on investor sentiment. Developed market equities posted modest gains (MSCI World +1.1%) while emerging markets declined […]
