Q4 Market Commentary 2023
Over the final quarter of 2023, inflation and interest rates expectations flipped from the view of ‘higher for longer’ to possible hold or easing. November's inflation data came in lower than forecast and the main central banks held rates unchanged, which fuelled the change in sentiment. This gave a strong boost to markets and, particularly the more interest rate sensitive sectors, such as technology and real estate.
- 31 January 2024