Global stock markets in 2023 showed the biggest increase since 2019. This was driven by a rally in the final months of the year, fueled by investor expectations that central banks will start cutting interest rates sharply this year.
MSCI’s index of global developed-market stocks rose 16% from late October to late December, and 22% since the start of the year. This is the best result in the last four years, he writes Financial Times.
The rise in the global stock index was mainly driven by the S&P 500 index, which gathers the largest companies listed on the US stock exchange. The S&P 500 gained 14% from October to the end of December, and about 25% since the beginning of the year.
2024-01-02 10:19:37
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