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CFDs and forex (FX) are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs, FX, or any of our other products work and whether you can afford to take the high risk of losing your money.
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July market performance: A summer full of action

Market Rewind
Soren Otto 400x400
Søren Otto Simonsen

Senior Investment Editor

July was an action-packed month for financial markets, with global equities rising 1.7%. The political stage especially demanded attention with e.g. drama revolving around the US presidential election.
Web 1200x1200 Sector performance 20240805
Asia led the pack, climbing 1.7%. The US gained 1.1%, fueled by strong corporate earnings, particularly in tech and consumer sectors. Europe matched the US with a 1.1% rise, driven by industrial and financial sector performance. Emerging Markets was slightly down by 0.1%, reflecting geopolitical tensions and mixed economic data.
Web 1200x500 Regional performance 20240805
Real estate was the top performer in July, soaring 6.8%, benefiting from low-interest rates and strong housing demand. Utilities were up 6.5%, while financials and industrials also performed well, climbing 5.7% and 4.6% respectively.
Web 1200x1200 Sector performance 20240805
Global Bonds returned 1.93%, while sovereigns returned 1.80% and corporates returned 2.17%.
Web 1200x500 Global bond performance 20240805

Sources: Bloomberg and Saxo

Global equities are measured using the MSCI World Index. Equity regions are measured using the S&P 500 (US) and the MSCI indices Europe, AC Asia Pacific, and EM respectively. Equity sectors are measured using the MSCI World/Sector indices, e.g., MSCI World/Energy. Bonds are measured using the USD-hedged Bloomberg Aggregate Total Return indices for total, sovereign, and corporate respectively.

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