Standard Chartered – Global Market Outlook, Jun 2025

The main theme of the report is the analysis of the global market with a focus on improving trade tariffs and their impact on markets.

Key findings include an upgrade of global equities to 'Overweight' due to reduced risks related to US trade policy and improved market technical indicators, a slight 'Overweight' rating for US equities despite excessive 'Sell America' trading, a downgrade of gold to 'core holding' in anticipation of a consolidation period, and high-quality bonds remain attractive amid high yields.