Ativo Q2 2024 Commentary

Tuesday, July 23, 2024

Global equities continued to rally in the second quarter, with the MSCI ACWI Net returning 2.87% in US dollar (USD) terms. Several factors contributed to the gains, including signs that inflation was under control in the US and Europe and expectations of Federal Reserve rate cuts. In addition, markets remained confident that the US economy was headed for a soft landing, and corporate earnings were strong in most markets. A number of major elections, including contests in Europe, Mexico, and India, also played into investor sentiment.

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