After a punishing start to the year, shares in Africa have rebounded and are now the leading performer for the global stock market in 2024, based on a set of ETFs tracking the world’s main regions through yesterday’s close (May 28).

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* Robust earnings outlook is a key factor for stock market optimism
* IMF lifts China economic forecast to 5%, up from 4.6%
* US consumer confidence index rises in May–first increase in four months
* Low stock market volatility may be underpricing risk
* Texas manufacturing activity weakens slightly in May
* US home prices rise to a new record high in March:

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