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GSB Quarterly Market Update – Q1 2024
Written by GSB
In Q1, worldwide stock markets recorded significant increases, buoyed by a resilient US economy and sustained excitement around Artificial Intelligence. Share prices received a boost from anticipated interest rate reductions, although the rate of decrease is expected to be more gradual than initially anticipated at the start of the year. Despite these positive trends, bond investments experienced negative returns throughout the quarter. Download our guide to read more.
- The US stock market surged over 10% in Q1 2024, driven by technology stocks and AI-related excitement.
- Anticipated interest rate cuts by the Federal Reserve were adjusted from six to three, affecting bond market returns.
- The US economy showed strong job growth and low unemployment, with manufacturing expanding for the first time since September 2022.
- European equity markets gained but lagged behind US and Japanese stocks; the Eurozone experienced varied recovery across sectors.
- Geopolitical tensions and macroeconomic uncertainties, such as energy price volatility and supply chain disruptions, remain significant risks.
In this quarterly market update, the financial events of the first quarter are discussed as insights into what investors experienced.
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GSB
GSB Capital Ltd is registered with the Dubai International Financial Centre (DIFC), licence no. CL4377 and is regulated by the Dubai Financial Services Authority (DFSA) under license no. F006321. The registered address is Office 901, Floor 9, West Wing, The Gate, DIFC, PO Box 938542, Dubai, UAE. In respect of those activities GSB Capital performs in or from the DIFC, the law applicable to these activities is that of the DIFC.
GSB Capital LTD is registered in the UK, Company No. 13501680 and is regulated by the Financial Conduct Authority (FCA) under license 971774. The registered address is 1 Cornhill, City of London, EC3V 3ND, United Kingdom.
With respect to those activities GSB performs in or from the United Kingdom, the law applicable to these activities is that of the United Kingdom.
This guide should not be construed as advice and is intended for information purposes only. Any references to a particular tax or treatment thereof are for indicative purposes only and may change.