February Report 2024

This edition delves into recent drivers of interest rate decisions and their effects in the United States, the United Kingdom, and Europe. We also explore China’s rate cuts amid its battle with deflation, highlighting the role of base effects in recent positive inflation data. Additionally, we examine major companies’ earnings reports and market trends in equities and fixed income, noting how interest rate uncertainty influences investor risk levels and asset allocation. Finally, we touch on recent shifts in industry sectors, global M&A activity, and offer insights into significant deals and developments, including OpenAI’s notable fundraising efforts and its potential challenges post the Microsoft and Mistral AI partnership.