Market Overview : July 2023

Stubborn markets · 10 July 2023

Stubborn is undoubtedly one of the words that best characterize the financial markets since the beginning of the year. Indeed, despite rising inflation and the first shocks associated with the spectacular rise in interest rates, the main asset classes have experienced strong positive performances. The Nasdaq even posted a stunning return of more than 30%. This was the best start to the year since 1983. The technology   giants and the enthusiasm generated by artificial intelligence were the main drivers of this performance. The last month of the semester was just as promising as the beginning of the year. Despite colossal macroeconomic uncertainty, investors demonstrated their optimism, pushing all asset classes in the right direction. 

Market Overview : July 2023 Survol des marchés : Juillet 2023