November 2024 In Review Global stocks briefly touched fresh highs in dollar terms following the US election, largely driven by the United States. Stocks in continental Europe and Asia suffered most visibly in the face of Trump’s tariff threats, [...]
October 2024 In Review Offshore cash provided the best return for South African investors during October. Markets were pared back in October amid the escalating conflict in the Middle East, the approach of the US election, and strong jobs data [...]
September 2024 In Review Global Equities rose by 2.3%, in US Dollars, during September. As expected, at the September 2024 Federal Open Market Committee (FOMC) meeting, the Federal Reserve (Fed) lowered interest rates by 0.50%, easing monetary policy for the [...]
August 2024 In Review Global equities experienced a rollercoaster month during August. Weaker economic data from the US, and a surprise interest rate hike in Japan, caused markets to decline by more than 6% during the first week of the [...]
July 2024 In Review A weaker-than-expected US inflation report early in the month, combined with weaker US employment data, reaffirmed investors' belief that the Federal Reserve will soon begin cutting interest rates. Against this backdrop, interest-rate sensitive asset classes, like [...]
June 2024 In Review Global equities advanced by 2.2% in U.S. Dollar terms during the month of June, led by a handful of large technology companies. Apple, Google, Microsoft and Nvidia are all up by more than 5% in US [...]
May 2024 In Review After the pullback in April, the global equity market posted a strong recovery in May. The market performance during May was driven by an increase in earnings expectations and higher valuations, although valuations did start to [...]
April 2024 In Review Global equity markets lost 3.7% in April 2024, breaking a five-month streak of monthly gains. Market optimism over a US rate cut in the first half of 2024 was pretty well dashed and the investor outlook [...]
March 2024 In Review US Treasury 10-year yields hit a four-month high during February, driven by both firmer growth and stickier inflation signals from manufacturing data released during the month. US inflation remains the key focus point for investors, as [...]
February 2024 In Review Global equity markets surged further ahead February, driven by strong corporate results and economic data from the US. With over 90% of S&P 500 firms having reported results so far this year, nearly three quarters [...]
