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Global equity markets have maintained their strong start to the year, despite investors needing to recalibrate their expectations for the timing of interest rate cuts.

Expectations that central banks will lower interest rates in the coming months have moderated recently.

North American equity markets have continued to push higher through the first month of the year.

Market action in the first few weeks of 2024 has been relatively muted, contrasting with the strong gains witnessed towards the end of last year.