January Market Digest 2024

Below are some key highlights from what happened in markets in January 2024:

• Asset class performance was mixed as central bankers tried to moderate investors’ hopes of imminent rate cuts. Economic strength in the US continued to surprise though.
• Inflation rose by 0.1% to 4.0% in the UK in December. The US and eurozone also saw small increases to CPI.
• Given these market conditions, portfolios were typically flat over the month.
• Almost all asset classes generated a strong return over the 12-month period.

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