News

Global Market Review – July 2024

July saw notable dispersions of returns across the major asset classes. Despite pockets of strength, Global equities finished flat overall, while commodities fell, led by weakness in the oil price.

Global equities sell-off on mounting US economic growth concerns

Wall Street ended lower, with losses accelerating later in the week.

Nikkei 225 experiences 6% weekly drop as yen strengthens

Earnings season was in focus and amongst notable reporters were Tesla and Alphabet.

Investors turn to small-caps and value stocks as growth underperforms

A change in investor sentiment last week saw a rotation away from mega-cap technology stocks into other parts of the market, such as small-caps and value stocks, which had underperformed year-to-date.

Global equity indices to rise to new highs

Global equities rose to a new high, boosted by increased confidence the Federal Reserve will soon cut interest rates as a consequence of moderating inflation and a more balanced job market.

Japanese equity indices hit fresh highs

US equities advanced, albeit with thin trading during a holiday shortened week.