The first half of 2024 was marked by a tech boom that led global markets, with soaring mega-cap stocks and remarkable movements in commodities and emerging markets. The tech sector experienced significant growth, with Team Tech seeing a 30% leap and chip champ Nvidia gaining 150%. The period also saw notable developments in commodities, such as the weakening of the yen against the dollar, a surge in cocoa prices, and increased French bond risk. Government bonds faced challenges, and rate cuts were not as widespread as predicted. The US election and the UK general election introduced political uncertainties. Commodities like gold, oil, and bitcoin experienced notable price increases. Global M&A activity increased by 5%, while Chinese property stocks and certain currencies faced declines. Ecuador's bonds performed well. Overall, the first half of 2024 showcased a dynamic and evolving global market landscape, with the tech sector driving market performance amidst political uncertainties and commodity movements. [afd32a5f]
Global markets have witnessed record highs in 2024, with Asian stocks, including India and Pakistan, leading the rally. The surge in tech stocks, such as Nvidia, has bolstered the markets, with the MSCI's world stocks index up 11% since January. Major economies have experienced or are about to experience 'unexpected' elections, causing market volatility. Gold has hit record highs as investors seek safe-haven assets, while cryptocurrencies have made a comeback with the approval of ETFs. [fd1f863d]