August was a positive month for stock exchanges, contradicting the expectations of some investors. Despite the pressure exerted by higher interest rates and rising oil prices, the main stock market indexes managed to record gains during the period.
The main European indexes, including Portugal's, closed the month with positive results. The United States markets also recorded gains during August, demonstrating resilience in the face of the economic challenges presented.
However, the star of the month were emerging markets, which surpassed the performance of developed markets. This superior performance contrasts with the usual tendency of greater volatility and lower attractiveness traditionally associated with these markets.
