Land of the rising bond yields

10 December 2024

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  • The US financial markets recently showcased strength with rising tech-driven indices, resilient labour data, and mixed economic signals influencing trends.
  • Concerns over holiday spending trends continued, with muted forecasts for consumer spending growth in the run-up to Christmas. The pound fell against the dollar.
  • Eurozone financial markets saw mixed performance recently. Inflation eased, but high borrowing costs continued to suppress growth.​ 
  • China’s economy faced ongoing challenges, including slow property sector recovery, while India remained the fastest-growing global economy with stable projections of 7% annual growth.
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