Newsletter sign up
Be the first to receive the latest Money at Work newsletter, featuring insights into key market influencers, recent developments, and the businesses and industry sectors that are thriving.
February trade off
February saw a flurry of tariff activity from the Trump administration. After an earlier set of emergency tariffs was struck down, the White House moved quickly to introduce a temporary 10% global tariff and then signalled plans to lift it to 15%, prompting fresh debate about how long the new measures might last and what they could mean for supply chains. The combination of volatile policy and turbulent weather left February feeling unsettled on both sides of the Atlantic.
November
November 2025 saw a steadier mood in global markets, with easing inflation and rising expectations of early‑2026 rate cuts lifting equities and pushing bond yields lower. The dollar softened, earnings held up reasonably well, and consumer data remained resilient, helping to calm earlier recession worries even as geopolitical risks lingered.
January Blues
Steady but cautious in the markets, with stocks edging higher as investors weigh early earnings against shifting expectations for interest‑rate cuts. Inflation has continued to ease, supporting hopes that central banks are nearing the end of tightening. Energy prices have been volatile due to severe winter weather, and geopolitical tensions have added pockets of uncertainty.
December
December 2025 wrapped up with steady but cautious market sentiment, as easing inflation and expectations of 2026 rate cuts supported equities while bond yields drifted lower. Energy prices stabilised after earlier volatility, and corporate guidance remained measured, reflecting a still‑fragile global backdrop. Overall, markets ended the year with guarded optimism heading into 2026.