Interest Rate Trends and Inflation Pressures: The financial year saw sharp rises in interest rates, particularly noticeable at the end of June 2024. Australia and Canada both reported unexpected increases in inflation, raising speculations about further rate hikes by central banks.

Impact of U.S. Presidential Debate on Markets: The first debate between Donald Trump and Joe Biden introduced political uncertainties that rattled markets, influencing bond prices and increasing the likelihood of a populist fiscal policy shift in the U.S., which could involve lower taxes and higher government spending. Performance Divergence Across 

Sectors and Asset Classes: Throughout the financial year, market performance varied significantly across sectors and asset classes. Tech and semiconductor stocks like NVIDIA drove the Nasdaq up by 30%, while traditional sectors and value stocks experienced modest gains. 


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