GSB Quarterly Market Update – Q2 2023

10/07/23 Written by GSB

It seems hard to believe, but we are already halfway through 2023, meaning it is time to look back on the events of the 2nd quarter in the financial markets after the encouraging start to the year we had in the 1st quarter. In comparison to the beginning of the year, the 2nd quarter was a mixed bag, with some areas of the financial markets performing strongly while others struggled to maintain the momentum that had been built over the last few months. Furthermore, we saw significant differences in the inflation and interest rate picture across different geographic areas, with some countries still struggling to get inflation under control, meaning they lack the flexibility to deviate from hiking interest rates further, putting their economies under more strain in the process.

In this quarterly market update, the financial events of the 2nd quarter will be discussed and insights into what investors can expect to see during the remainder of 2023 and beyond.

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GSB

GSB is built on a simple belief that everyone should gain from good financial investment, with the Company’s mission to create, protect, and grow wealth. But only in the most ethical and responsible ways possible. Headquartered in the Dubai International Financial Centre (DIFC), GSB is regulated by the Dubai Financial Services Authority (DFSA). Earlier in the year, the company launched operations in Geneva, Switzerland. And in July, the company received a Financial Conduct Authority (FCA) license to become directly authorised in the United Kingdom. The company plans to obtain permission to operate in Liechtenstein, which is regulated by the Financial Market Authority (FMA).
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