Looking back at equity factors in Q1 2024

2024 started on a strong note, with global equity markets gaining 8.9%1. The initial focus was on Artificial Intelligence, its growth potential and its impact on corporate profitability. However, with better-than-expected economic data being published in the US, Europe and China, market confidence grew, leading to a regional broadening of the bull market. Europe closed 7.6%1 up, which is quite close to the 10.3%1 of the US. The only weakness remains in Asia, leading to emerging markets returning only 2.4%.