By The Financial District
5 days ago1 min
The unstoppable march of the mega caps, central bank pivots, political events, and mergers and acquisitions (M&A) defined the first half of 2024 in world markets, Marc Jones and Rodrigo Campos reported for Reuters.
Nvidia alone achieved a 150% gain, contributing significantly to the overall market value surge. I Photo: NVIDIA Corporation
Although global interest-rate cuts did not materialize as forecasted, Nvidia and the rest of the Magnificent 7 surged another $3.6 trillion in market value. MSCI's 47-country world stocks index rose by 11% since January.
Nvidia alone achieved a 150% gain, contributing significantly to the overall market value surge.
Japan's yen reached a 38-year low against the dollar, and cocoa experienced one of its best runs.
Meanwhile, French bond risk soared to its highest level since the euro crisis following President Emmanuel Macron's loss to the far right in EU elections and his call for a snap parliamentary election.