In 2024, we witnessed the normalisation of many economic variables, notably inflation and growth, clearing the path for monetary policy easing in the US and Europe. Looking to 2025, with a new Republican administration in place in the US there will be plenty of changes to digest. Our analysts believe that the key to success will be closing significant fiscal, geopolitical, and corporate deals whilst also achieving economic growth. What does this mean for financial markets and those who invest in them?
In this episode of the Beyond Markets podcast ‘Market Outlook 2025 – The art of the real deal’, Christian Gattiker, Head of Research, and Mark Matthews, Head of Research Asia, talk to Bernadette Anderko about the market environment, why they expect broadening equity returns, and which sectors are set to benefit from likely growth and policy shifts in 2025.
00:37 Introduction to topic and speakers
01:06 Broad expectations for 2025
02:08 Monetary policy oulook
02:43 Trump tariff implications for Europe
03:18 Trump tariff implications for Asia
04:45 Equity preferences in Asia
06:19 Developed market equity stance
06:57 Preferred cyclical sectors
07:35 The impact of the Republican sweep
10:02 USD bond opportunities
10:27 EUR bond opportunities
11:02 The duration sweet spot
11:29 Emerging market bonds
11:49 Our view on gold’s outlook
12:44 Next Generation: Cloud computing & AI; Extended longevity
14:39 Next Generation: Future cities
15:14 Summary of our outlook for 2025
15:50 Closing comments
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