Tech boom leads global markets through first half of 2024

Summary:
1. A 150% surge in chipmaker Nvidia has led rally in world stocks.

2. Yen has slumped to 38-year low against stronger US dollar

3. Elections have triggered big moves from Mexico to France

4. Cocoa has soared almost 85% in commodity markets

The unstoppable march of the mega caps, sloth-like central bank pivots, political palpitations aplenty and M&A is back the first half of 2024 has been another whirlwind in world markets.

Forecasts for a global interest-rate-cutting frenzy may not have materialized, but Nvidia and the rest of the Magnificent 7 soared another $3.6 trillion in market value.
https://yakihonne.s3.ap-east-1.amazonaws.com/ad6a909b8dfd6e278f94881d83dbd5ad5f9260c7502175059b29042e589fb93c/files/1719638960882-YAKIHONNES3.jpg 
MSCI's 47-country world stocks index has clocked up a punchy 11% since January. Good yes, but nowhere near the 30% leap of team tech, or the frankly eye-popping 150% gain of chip champ Nvidia.[Continue reading>>]