A 150 surge in chipmaker Nvidia has led rally in world stocks
Yen has slumped to 38year low against stronger US dollar
Elections have triggered big moves from Mexico to France
Cocoa has soared almost 85 in commodity markets

LONDONNEW YORK, July 1 Reuters The unstoppable march of the mega caps, slothlike central bank pivots, political palpitations aplenty and MA is back the first half of 2024 has been another whirlwind in world markets.

Forecasts for a global interestratecutting frenzy may not have materialized, but Nvidia and the rest of the Magnificent 7 soared another 3.6 trillion in market value.

MSCI39;s 47country world stocks index has clocked up a punchy 11 since January. Good yes, but nowhere near the 30 leap of team tech, or the frankly eyepopping 150 gain of chip champ Nvidia.

Thirty percent of the SP39;s returns this year have come from Nvidia alone, the chief investment officer of IBOSS Asset Management Chris Metcalfe said, pointing out it was now the most expensive stock on the most expensive market in the world.

It is not just equity markets where milestones have been set.

Japan39;s yen has bowed to a 38year low against the dollar in currency markets. Cocoa had one of its bestever runs while French bond risk has exploded to its highest level since the euro crisis after French President Emmanuel Macron39;s drubbing by the far right in EU elections drove him to call a snap parliamentary election, the first round of which was held on Sunday….