Positioning in the US: where caution meets opportunity
The US market’s strong 2025 start has been shaken by trade tensions and policy uncertainty, triggering a sharp pullback. Despite the uncertain outlook, this may offer long-term opportunities for investors.
Global Markets: growth potential amid trade shifts
Europe, EMs, and Asia show solid growth in 2025, but rising US tariffs add pressure. Export-driven economies are vulnerable, while strong domestic demand in India and Indonesia supports resilience. In Europe, defense and infrastructure may benefit from fiscal support.
Not Just a Shine — gold’s strategic value in 2025
Amid rising risks from geopolitics to policy shifts, gold is back in focus. Prices have hit record highs above $3,200/oz, driven by strong investor and central bank demand. While short-term pressure is possible if sentiment improves, gold remains a key hedge.
