Market View

Monthly market update - October 2024

Tammy Hall, Head of Portfolio Management, gives an overview of September and reflects on the quarter as well as an update on portfolio positioning.

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Tammy Hall

US monthly updates website image October

At a glance

  • The Autumn Budget in the UK affected the gilts market.
  • Emerging markets have come under pressure from a stronger US dollar.
  • Nonfarm payrolls were higher than expected in October.

Learn more about our speaker

Tammy Hall

Tammy is the Head of Portfolio Management at LGT Wealth Management US, where she manages discretionary mandates and oversees the investment proposition for the company.

man wearing glasses reflection of screen
Market View

A look back at the quarter

Equity markets experienced a shake-out over concerns the US economy may be stalling and concerns that the Federal Reserve was too late to cut rates. This was exacerbated when the Bank of Japan (BoJ) raised interest rates and guided towards more increases.
People's Bank of China is Beijing, surrounded by green trees.
Market View

China's pivotal moment

Whilst the financial press has focused on the larger-than-expected 50-basis point cut in the United States and the Labour government’s challenges, the recent major policy announcements by the People’s Bank of China (PBoC) have featured less in the news.
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