July 2024 in Analysis

In July 2024, global financial markets experienced heightened volatility driven by economic indicators and geopolitical tensions. U.S. equities saw significant fluctuations, with the S&P 500 experiencing a modest gain, buoyed by strong earnings reports in the tech sector. However, persistent inflationary pressures and the Federal Reserve's hawkish stance on interest rates dampened broader market optimism. European markets were mixed, as the Eurozone grappled with slowing growth and energy concerns, particularly amid ongoing uncertainties surrounding the Russia-Ukraine conflict.

Emerging markets faced increased risk aversion. China's economy showed signs of recovery but concerns over the property sector and regulatory crackdowns on tech companies kept investors cautious.

Bond markets were pressured, with yields rising globally as central banks maintained tighter monetary policies. Commodity markets also experienced turbulence, with oil prices spiking due to supply constraints, while gold remained relatively stable as investors sought safe-haven assets. Overall, July 2024 highlighted the fragility of global markets amidst a complex interplay of economic and geopolitical factors.

By: Alcral AG, Intelligence and Markets Research