Valtrust Thought Series

Q1 2025 saw sharp divergence in global equities. US markets faltered due to trade tensions, inflation worries, and tech sector shifts, posting their worst quarter in three years as investors favored traditional sectors. Conversely, European and UK equities thrived, supported by increased defense spending and economic stability. South Africa led globally on precious metals and resources. China rebounded with stabilization, stimulus, and AI optimism, despite structural issues. Overall, emerging markets outperformed developed markets, boosted by...

Global equities rallied in Q3 buoyed by central bank rate cuts and easing inflationary pressures. Key drivers were interest rate reductions by key central banks including the US Federal Reserve and the European Central Bank, stronger-than-anticipated US economic indicators and government stimulus in China.