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Financial markets ended a tumultuous quarter on an upbeat note amid growing speculation that policymakers may have to abandon their tightening plans in response to turmoil in the banking sector.

The second quarter got off to a solid start, with both stock and bond markets generating positive results in April.

Sentiment deteriorated and financial markets relapsed in May on the back of a hawkish re-pricing of central bank policy expectations, a sluggish global growth landscape, and debt ceiling jitters in the United States.

Financial markets fluctuated at the end of the second quarter as investors contemplated the environment of resilient growth, persistent inflation, and the trajectory for monetary policy.

The third quarter got off to a roaring start.

Extreme optimism throughout 2023 gave way to growing skepticism in August as investors contemplated the trajectory for monetary policy.

The third quarter wrapped up on a somber note.

Financial markets kicked off the fourth quarter on a somber note.

Financial markets had a blockbuster month in November

Financial markets ended 2023 on a high note