Global equities are buoyant, with industrials lifted by defence and infrastructure demand. Financials gain from credit quality, revived deal‑making, and investments into private markets. Gold outpaced major indices. Mega-cap AI techs continue to drive gains in the S&P 500, but other sectors are strengthening.
Global equities are buoyant, with industrials lifted by defence and infrastructure demand. Financials gain from credit quality, revived deal‑making, and investments into private markets. Gold outpaced major indices. Mega-cap AI techs continue to drive gains in the S&P 500, but other sectors are strengthening.
Higher risk: Trump trade war puts the global economy at a knife edge.