Thank you for visiting, don't forget to subscribe by following here if you enjoy our content. We use follow.it to give you maximum control over your news.
The FTSE 100 has recorded its fourth consecutive year of growth, achieving a 5.8 per cent increase in 2024, whilst American markets demonstrated significantly stronger performance with gains nearly five times greater.
British blue-chip stocks concluded the year at 8,173.02 points, marking their most extended period of sustained growth since the pre-financial crisis era of 2003-2007. The modest advancement reflects ongoing challenges in the UK market, despite the positive trajectory.
The mid-cap FTSE 250 index, comprising more domestically-focused enterprises, displayed resilience with a 4.7 per cent rise over the year. This achievement marked its first consecutive annual gains since 2017, signalling improved confidence in Britain’s domestic market conditions.
Across the Atlantic, the S&P 500 dominated with an impressive 23.84 per cent surge, driven largely by the technology sector. Notable performer Nvidia saw its value triple amid heightened interest in artificial intelligence investments, highlighting the growing divide between British and American market performances.
Sterling’s robust performance emerged as a key factor in limiting FTSE gains, with the pound recording a 7 per cent appreciation to become the second-strongest major currency globally. This strength particularly impacted FTSE 100 companies, which generate approximately 75 per cent of their revenues from international operations.
The broader investment landscape saw remarkable movements in alternative assets, with gold appreciating by 26 per cent to reach $2,615 per ounce. The cryptocurrency sector demonstrated exceptional vigour, as Bitcoin’s value more than doubled to $95,650, boosted by positive sentiment surrounding the US presidential election outcome.
Post Disclaimer
The following content has been published by Stockmark.IT. All information utilised in the creation of this communication has been gathered from publicly available sources that we consider reliable. Nevertheless, we cannot guarantee the accuracy or completeness of this communication.
This communication is intended solely for informational purposes and should not be construed as an offer, recommendation, solicitation, inducement, or invitation by or on behalf of the Company or any affiliates to engage in any investment activities. The opinions and views expressed by the authors are their own and do not necessarily reflect those of the Company, its affiliates, or any other third party.
The services and products mentioned in this communication may not be suitable for all recipients, by continuing to read this website and its content you agree to the terms of this disclaimer.