In this Capital Markets Update, Chris Arcari shares the latest trends in the market.

To summarise for Q4:

• Global growth defied all but the most optimistic forecasts in 2023, despite the steep rate-hiking cycle of the past two years
• Business and consumer confidence is rising, as inflation fears recede and the prospect of interest-rate cuts comes in to view
• Bond yields fell sharply in quarter four due to expectations of earlier and larger rate cuts in 2024 than previously thought