Insights

Financial markets ended 2024 on an uninspiring note as investors contemplated an environment of resilient growth and persistent inflation in the United States that cast doubts over the scope of policy easing from the Federal Reserve.

In November, the so-called “Trump trade” lingered on following the Republican sweep in the United States – with investors cheering the incoming administration’s business-friendly stance.

The fourth quarter got off to a challenging start, with both stocks and bonds losing ground in October.

The third quarter ended on a strong note, with a clear easing path for many global central banks paving the way for a soft landing.

After a turbulent start to the month, sentiment improved and global equity markets came roaring back in August.