News & Views

Global markets moved higher in April as improving sentiment around the Middle East and continued strength in technology and semiconductor sectors supported equity returns. However, inflation reaccelerated across major economies due to rising energy prices, prompting central banks to maintain a cautious “higher for longer” stance on interest rates. While growth-oriented equity markets performed strongly, bond markets came under pressure as rising yields weighed on fixed income

2025 was marked by shifting policy, geopolitical tension and rapid changes in investor sentiment. While easing inflation and cautious rate cuts supported markets, trade tensions repeatedly triggered volatility. Sharp sell-offs—most notably in April following US tariff announcements—were followed by swift recoveries, underscoring market resilience. The year reinforced the value of diversification, discipline and a long-term approach as leadership rotated across regions, sector