2025 delivered another year of record highs – but it didn’t come quietly. Global equities climbed to new highs for a third year running, with emerging markets and the UK standing out as strong performers. However, markets didn’t rise smoothly all year
In recent weeks, you may have seen headlines about a potential market bubble in the so-called “Magnificent 7” technology stocks and the Artificial Intelligence (AI) part of the market.
The US equity market declined late last week, following news that Donald Trump intends to impose additional
tariffs on China. This was in response to China announcing tighter restrictions on the export of rare earth
minerals — a move that effectively slows the global distribution of these critical inputs.
In January 2021, the FCA banned the sale of cryptocurrency Exchange Traded Notes (ETNs) to retail investors. The
regulator has now lifted the restrictions (effective 8th October 2025).
