LONDON/NEW YORK : 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.
"Thirty percent of the S&P's returns this year have come from Nvidia alone," the chief investment officer of IBOSS Asset Management Chris Metcalfe said, pointing out it was now the most expensive stock on the most expensive market in the world.Japan's yen has bowed to a 38-year low against the dollar in currency markets.
There's also a general election in Britain on July 4 although there aren't expected to be many market fireworks despite it being almost certainly the first change of government in 14 years.
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