{"id":612801,"date":"2024-01-02T00:00:00","date_gmt":"2024-01-02T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/02\/global-markets-close-the-books-on-their-best-year-since-2019\/"},"modified":"2024-01-02T00:00:00","modified_gmt":"2024-01-02T00:00:00","slug":"global-markets-close-the-books-on-their-best-year-since-2019","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/02\/global-markets-close-the-books-on-their-best-year-since-2019\/","title":{"rendered":"Global markets close the books on their best year since 2019"},"content":{"rendered":"

2023<\/strong> \u2014 A stellar year for global stocks: <\/strong>Last year saw global stock markets soaring to their best year since 2019, writes the Financial Times<\/a>. Investor confidence that most of the world\u2019s major central banks have ended the cycle of rate hikes helped drive a two-month rally that saw the MSCI World index jumping 16% since October, pushing the index up 22% y-o-y.<\/p>\n

The S&P 500 had a particularly good year,<\/strong> soaring 24% throughout the year, and 14% since only October, stopping just short of its 2022 peak before the start of 2024.<\/p>\n

Bonds are rebounding: <\/strong>Bonds markets also rallied alongside equities, with the US 10-year Treasury yield falling 3.87% by year\u2019s end, down from over 5% in October, as inflation in the US continued to decline closer to the Fed\u2019s 2% target.<\/p>\n

US tech companies saw bumper gains over the year,<\/strong> with the tech-dominated Nasdaq Composite surging 43% y-o-y.<\/p>\n

Also worth knowing about this morning:<\/strong><\/p>\n