Q4 2025 Market Digest

Our quarterly market digest looks back at what happened in markets in Q4 2025. We've outlined some of the key quarterly highlights below:

• Central banks continued interest rate cuts in the UK and US. Despite this, market momentum weakened over Q4 as concerns grew over tech company valuations. 
• Despite these concerns, both equity and bond markets generated positive returns over the quarter.

Download our full market digest below for more information on:

• topical market themes;
• expected outlook for 2026; and
• commentary to cover the past 12 months.

Download here