ClockWise: Central bank rate cuts feed market optimism - 2024 Q3 review

Equity markets continued to gain over the quarter, shrugging off US recession worries and soon recovering from an August sell-off which saw the Japanese Topix index record its worst daily performance since the Black Monday crash in October 1987.

The S&P 500 index is up more than 20% so far this year in local currency terms, which marks the best year-to-date performance in 27 years.

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