Important information

This website is for Financial Intermediaries in Ireland only.

If you are an Individual Investor click here, if you are an Institutional Investor click here. Should you be looking for information for another location, please click here.

By clicking, you acknowledge that you have fully understood and accepted the Legal and Regulatory Information.

Capital IdeasTM

Investment insights from Capital Group

Categories
World Markets Review
Rate cuts fuel market rally: Q3 roundup
October 9, 2024
Download PDF

Global equities moved higher as central banks around the world slashed interest rates. Market returns broadened out to include value-oriented stocks and previously lagging sectors. Information technology stocks came under pressure as investors started to question high levels of spending on artificial intelligence (AI) applications.


Utilities and real estate stocks rallied as the U.S. Federal Reserve (Fed) and other central banks cut rates during the quarter and signaled further monetary easing in the months ahead. After posting strong returns in the first half of the year, tech stocks lagged the overall market. Elsewhere, Chinese stocks soared amid new government stimulus measures.


Bonds rose across the board as many central banks ushered in a new era of loose monetary policy. The Fed, the European Central Bank and the Bank of England, among others, lowered rates amid signs of cooling inflation. The Bank of Japan was an outlier, raising rates and sparking a rally in the yen.


Learn more about
World Markets Review
Asia
Emerging Markets
Europe
Central Banks
Global Equities

Our latest insights

RELATED INSIGHTS

Hear from our investment team.

Sign up now to get industry-leading insights and timely articles delivered to your inbox.

By providing your details you are agreeing to receive emails from Capital Group. All emails include an unsubscribe link and you may opt out at any time. For more information, please read the Capital Group Privacy Policy

Past results are not predictive of results in future periods. It is not possible to invest directly in an index, which is unmanaged. The value of investments and income from them can go down as well as up and you may lose some or all of your initial investment. This information is not intended to provide investment, tax or other advice, or to be a solicitation to buy or sell any securities.

Statements attributed to an individual represent the opinions of that individual as of the date published and do not necessarily reflect the opinions of Capital Group or its affiliates. All information is as at the date indicated unless otherwise stated. Some information may have been obtained from third parties, and as such the reliability of that information is not guaranteed.

Capital Group manages equity assets through three investment groups. These groups make investment and proxy voting decisions independently. Fixed income investment professionals provide fixed income research and investment management across the Capital organization; however, for securities with equity characteristics, they act solely on behalf of one of the three equity investment groups.