PXBT: Best performing Indices in 2024

PXBT is an exciting new entry to the trading broker space, offering easy-to-use yet powerful tools to trade Forex and CFDs on Commodities and Indices. 

In this report, PXBT reveals which Indices are the best performing of 2024 so far. Let’s take a closer look at the list. 

 

Top ten Indices of H1 2024

2024 thus far has shown positive returns in many top global Indices. With us now halfway through the year, here’s how they stacked up during the first six months of the year. 

 

Nikkei 225

Region: Japan

Year-to-date return: 19.6%

Nikkei 225 is an Index representing the top 225 stocks traded on the Tokyo Stock Exchange and is considered a gauge of the strength of Japan’s economy. This stand out growth in the Nikkei 225 is attributed to positive corporate earnings from top Japanese tech and automotive firms, and a weak yen boosting exports. 

 

Nasdaq 100

Region: United States of America

Year-to-date return: 17.99%

The Nasdaq 100 is one of three major United States Indices, specifically representing the top 100 non-financial stocks traded on the NASDAQ stock exchange. The Nasdaq’s performance has been particularly strong due to its heavy influence from the tech sector, especially from mega cap stocks like Apple, Nvidia, Microsoft, and Amazon. 

 

S&P 500

Region: United States of America

Year-to-date return: 14.92%

The S&P 500 is the most important Index in the United States, featuring the top 500 publicly traded companies. The market cap weighted Index features many of the top performers from the Nasdaq 100, such as Apple and Nvidia, yet includes a much broader list of individual companies.

 

DAX 40

Region: Germany

Year-to-date return: 8.77%

Despite Germany being in a technical recession, investor sentiment has remained positive enough to keep the DAX 40 climbing in 2024. Comprised of the top 40 companies in Germany, the Index has been boosted by strong performance in Siemens, as well as the automotive industry, including  Mercedes-Benz, Porsche, BMW, and Volkswagen. 

 

Euro Stoxx 50

Region: Europe

Year-to-date return: 7.82%

Supportive monetary policy by the European Central Bank has lifted investor sentiment and kept the European economy healthy, prompting positive performance in Euro Stoxx 50. This Index features 50 of the largest and most liquid stocks in Europe. Of these 50 stocks, ASML Holding, LVMH, and Linde, have reported strong earnings, which have positively influenced the Index. 

 

IBEX 35

Region: Spain

Year-to-date return: 7.66%

Spain’s Iberian Index is an Index representing the 35 most liquid stocks traded on the Bolsa de Madrid stock exchange. Favorable monetary policy and low interest rates have contributed to the Index’s success over the last six months. Strong performance in key sectors such as financial services, real estate, and renewable energy has helped the Index grow throughout the year. 

 

FTSE 100

Region: United Kingdom 

Year-to-date return: 5.62%

The FTSE 100, also called “footsie,” is an Index featuring the top 100 largest companies traded on the London Stock Exchange. A weaker British pound against the US dollar has made exports more attractive, boosting the earnings of FTSE 100 components that generate a significant portion of their revenue overseas. 

 

Dow Jones Industrial Average 

Region: United States of America

Year-to-date return: 4.05%

Favorable economic data such as easing inflation, steady job growth, stable GDP, and strong consumer confidence has kept the DJIA in good standing throughout 2024. Positive performance in individual companies such as Microsoft listed in the Index has contributed to the growth this year. P

 

Hang Seng

Region: Hong Kong

Year-to-date return: 2.90%

Geopolitical development and government policies in China have played a crucial role in the Hang Seng’s performance. Several liquidity injections have helped keep investor sentiment positive. The performance of the Hang Seng Index has also been significantly influenced by volatility in Crude oil prices and energy demand. The energy sector’s strong performance has bolstered the Index in 2024. 

 

ASX200

Region: Australia

Year-to-date return: 1.97%

A positive outlook in Australia is the result of easing inflation and potential interest rate cuts by the Reserve Bank of Australia lifting investor sentiment. Sector rotation into technology, pharmaceuticals, and consumer discretionary have prompted strong revenue in companies like Telix Pharmaceuticals and Pilbara Minerals, contributing to the Index’s growth in 2024. 

Trade top performing Indices with PXBT

At PXBT, users can trade top performing Indices as CFDs with long or short positions on leverage, alongside CFDs for Commodities like Gold, Silver, Copper, Natural Gas, and Crude Oil. The upcoming global broker set to launch later this year also lists a range of Forex currency pairs. 

PXBT aims to stand out with top notch trading conditions, low fees, the smallest spreads, and an accessible, easy-to-use toolset. The PXBT platform relies on the tried-and-true MT5 trading engine, and plans to release a proprietary system later in the year. PXBT will be regulated at day one, catering to emerging markets and regions such as Latin America and Southeast Asia. 

By prioritising localisation, innovation and compliance, the broker aims to become number one choice for the new generation of traders worldwide.

 

Trade top performing Indices and more with PXBT