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stocksAug 4, 2026, 6:46 AM

Global Equities Hit All-Time Highs Amid Cyclical Rotation, Tech Recovery

Global equities started August with record highs in several MSCI indices, fueled by sector rotation and a rebound in technology names. Lower oil prices also lent support.

Danske Bank’s research team highlights that global equities opened August by reaching fresh all-time highs across multiple MSCI indices. The advance was driven by a cyclical rotation, with the software sector surging 16% over the past week.

Lower oil prices added further support to the broader market, helping to sustain the rotation toward growth-oriented sectors. The move underscores continued investor appetite for equities despite elevated valuations in some parts of the market.

Source: FXStreet Forex News