Favorable economic conditions suggest investing in diversified portfolios, with particular attention to emerging markets and Japan, where valuations remain more attractive and offer greater upside potential. This is the view of Javier de Berenguer, fund selector and market analyst at Mapfre Inversión.
Macroeconomic data from the eurozone and the United States are starting to show some cooling in economic growth, although this slowdown in activity is not expected to be severe. This is pointed out by Alberto Matellán, General Manager of La Financière Responsable (LFR).
Donald Trump has upended the chessboard of international politics, yet markets, for now, appear largely unfazed.
As 2025 draws to a close, the question on investors' minds is quite clear: will 2026 be able to prolong the positive market trend after two consecutive years of very high returns?
Geopolitical tensions in Venezuela and Iran are dominating the start of 2026, although equity markets continue to rise and remain at historic highs.
Global equities closed 2025 with a 19.5% gain in dollar terms, and the outlook for next year remains optimistic.
With the year drawing to a close, it's time for analysts and investors to take stock of the past year and look ahead to the coming year. 2025 has been an excellent year for stock markets across the globe, and especially for equities, with indices achieving record highs. What factors have driven these positive results? Will this positive trend continue in 2026, or is it time for a pause after these gains?
November was a volatile month for financial markets, as they dealt with the longest U.S. government shutdown in history, concerns about the valuations reached in companies linked to Artificial Intelligence, and sudden changes in the expectation of a further interest rate cut by the Fed. Returns were flat or slightly positive in equity markets.
No investor would deny that 2025 has been a “lively” year. Tariffs, interest-rate cuts, and questions about a potential artificial-intelligence “bubble” have dominated headlines in recent months. Even so, 2025 will also be remembered as a year of transition and adjustment.