Share prices continued to rise in September, helped by the American central bank’s first interest rate cut since 2024 and by positive company news.
The concentration among stock market winners continues to increase. Just 38% of shares in the S&P500 index have accounted for all the index’s gains this year.
In the UK, the US and the eurozone, short-dated bond yields rose in September, as investors reduced their expectations of how much central banks will cut interest rates.
