MARKET UPDATE – SEPTEMBER 2025

MARKET UPDATE – SEPTEMBER 2025

MARKET RESILIENCE SUPPORTED BY DOVISH FEDERAL RESERVE Equity markets notched up fresh records during August despite emerging headwinds that tested investor confidence. During the month, investors navigated a delicate balance between robust corporate earnings, evolving...
MARKET UPDATE – JULY 2025

MARKET UPDATE – JULY 2025

VOLATILITY AND RECOVERY The first half of 2025 was marked by volatility and a notable recovery across global markets. In April, fears over new tariffs led to a severe market downturn, with the S&P 500 dropping by as much as 18% and the Nasdaq plunging 23% for the...
MARKET UPDATE – APRIL 2025

MARKET UPDATE – APRIL 2025

TARIFF TENSIONS AND GLOBAL INVESTMENT SHIFTS It was a tumultuous first quarter for global markets and investors. President Trump signed a stream of executive orders that signalled that the US was moving into a vastly different political, economic, and administrative...
MARKET UPDATE – MARCH 2025

MARKET UPDATE – MARCH 2025

US AND JAPANESE EQUITIES STRUGGLE WHILE EUROPEAN SHARES RISE “THE US EQUITY MARKETS HAVE NOW SHED THEIR POST-ELECTION GAINS.” Europe and the UK outperformed in February, with the MSCI Europe (ex UK) index rising by 3.7% and the FTSE All Share index by 1.3%. China’s...
MARKET UPDATE – MARCH 2025

MARKET UPDATE – FEBRUARY 2025

FURTHER GAINS FOR GLOBAL MARKETS WITH EUROPE LEADING THE WAY Stock markets experienced solid gains in January, despite late-month volatility. The Dow Jones Industrial Average rose by 4.7%, the S&P 500 advanced by 2.8%, and the Nasdaq Composite gained 1.6%....
MARKET UPDATE – JANUARY 2025

MARKET UPDATE – JANUARY 2025

WEAK END TO YEAR OF US LARGE-CAP EQUITY DOMINANCE “BITCOIN MORE THAN DOUBLED, WHILE GOLD SHONE AS A SAFE HAVEN, RECORDING ITS STRONGEST ANNUAL GAIN SINCE 2010” 2024 delivered another impressive year for asset returns, buoyed by stronger than expected economic growth...