2024: A Year of Volatility for Financial Markets Amid Geopolitical and Economic Uncertainty
U.S. markets ended 2024 on a high note, with the S&P 500 and Nasdaq posting robust gains driven by a rally in the technology sector. The S&P 500 advanced 25% for the year, fueled by a 33% surge in Apple shares and a 14% rise in Microsoft.
European equities showed moderate performance, with the UK’s FTSE 100 gaining 5%. In contrast, emerging markets struggled under the weight of a stronger dollar and elevated interest rates, as Brazil’s Bovespa Index tumbled 10% over the year.
Ukrainian Stocks See Recovery
Ukrainian agricultural stocks listed on international exchanges staged a notable recovery after sharp declines in 2022-2023. Among the standouts was MHP (MHPC), whose shares climbed from USD 3.20 to USD 5.00 but remained below their pre-war level of USD 6.50.
Currencies
The dollar exhibited resilience throughout the year, defying efforts by China and other nations to bolster their currencies.
The euro depreciated nearly 6%, dropping from 1.10 to 1.04 against the dollar. On the cash market, the USD/UAH exchange rate climbed 11%, rising from 38.0 to 42.2 hryvnias per dollar.
POLITICS AND ECONOMICS
- Ukrainian Banking Sector Liquidity Remains Strong
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