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GSB Quarterly Market Update – Q2 2024

Written by GSB

In Q2, global markets continued to show resilience despite persistent inflation, a cautious Federal Reserve, and rising geopolitical tensions. Market optimism was largely driven by advancements in artificial intelligence (AI), with significant growth seen in major technology stocks. Anticipated interest rate cuts by the Federal Reserve are now expected to be more gradual, impacting bond market performance. Download our guide to read more.

  • The US stock market rose nearly 15% year-to-date, propelled by AI advancements and technology giants like Nvidia and Microsoft.
  • The Federal Reserve's expected rate cuts were adjusted from six to two, reflecting ongoing inflation concerns.
  • The Eurozone showed signs of economic recovery, with a composite PMI of 52.3 in May, buoyed by manufacturing and services sectors.
  • The UK market displayed mixed signals, balancing inflation impacts with the Bank of England's stabilising measures.
  • China’s economy presented a mixed picture, with stable growth tempered by cautious consumer sentiment, while Taiwan and India experienced robust market performances.

In this quarterly market update, the financial events of the second quarter are analysed, providing insights into global economic trends and market dynamics.

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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. 

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