Outlook 2025

The divergence dividend

Life moves pretty fast. The first months of 2025 have turned financial markets on their heads. A solid correction of the hitherto inexorable progress of the US stock market; hints of a new way forward for Europe; Chinese markets back in favour. A recalibration is required.

Fidelity’s Q2 Outlook 2025 takes stock of the changes prompted by the early months of Donald Trump’s presidency and a diverging outlook for the world’s biggest economies.

Discover below where we believe the key areas of opportunity and risk lie across financial markets in the months ahead.

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