September broke with its reputation for subdued volatility as global risk assets extended their summer rally. Global Equities gained +3.4%. This was driven by a mix of resilient US macro data, rate cuts and the unshakable enthusiasm around AI-related corporate announcements. The surge in technology names more than offset weakness across defensives. Gold surged on expectations that the Federal Reserve’s next move will be an easing cycle, following Chairman Powell’s tone at Jackson Hole.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.