November markets showcased a mix of optimism and caution globally and domestically. While U.S. policy shifts under President-elect Donald Trump stirred volatility, supportive monetary policies and resilient equity sectors provided balance, with South Africa benefiting from improved inflation data and a positive economic outlook.

October was a challenging month across global markets, with inflation, rising yields, and economic uncertainties shaping market movements. This cautious investment environment was reflected in declines across equities, bonds, and fluctuating commodities. As we move forward, these macroeconomic pressures will likely continue influencing global market dynamics, emphasising the need for vigilant risk management and diversification in investment strategies.

September 2024 was an active month for global markets, driven by decisions from central banks, inflation trends, and economic events. The Federal Reserve and South African Reserve Bank (SARB) lowered interest rates, impacting stocks and bonds. While inflation eased in several regions, concerns about global politics and rising energy costs remained. Investors faced mixed results across different markets and types of investments.

August was marked by significant volatility across global markets, driven by various macroeconomic developments. While most financial assets managed to recover by the end of the month, the performance varied significantly by region and asset class. Below, we provide a breakdown of the key developments in each region.

July 2024 saw strong market performances driven by easing inflation and favourable economic policies. In the US, inflation moderated to 3.0% year-over-year, leading the Federal Reserve to maintain interest rates, with potential cuts expected.