Standard Chartered – Global Market Outlook, 2H 2025

The main theme of the report is the forecast of the weakening of the US dollar and its impact on global markets.

Key findings include a recommendation to overweight global equities in the portfolio, especially stocks from Asia excluding Japan. The expectation of a weakening US dollar, which will benefit the euro (EUR), Japanese yen (JPY), and British pound (GBP). Risks include new tariffs, inflation, and weak economic data. Gold and alternative strategies are considered attractive diversifiers to reduce temporary volatility.