Posted 3/29/2024, 10:10:55 AM
Global Markets Surge in First Quarter on Rate Cut Hopes, Growth
- European markets had best quarter in a year fueled by banking and energy stocks; Euro Stoxx 500 up 12.4% in Q1
- Inflation easing in Eurozone and UK strengthened expectations of rate cuts by ECB and BOE
- US markets reached new highs in Q1 driven by AI stocks while energy sector outperformed
- Japanese Nikkei 225 jumped 20% in Q1 aided by supportive policies and economic growth
- Australian markets hit record high in March with consumer staples stocks leading gains