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The third quarter of 2025 ending 30th September was strong for global markets continuing the positive momentum which began in mid-April, boosted by tariff pull-backs, a de-escalation in trade tensions between the US and China and the passing of the ‘One Big Beautiful Bill’.
Global equity markets extended their upward momentum through the third quarter, with the MSCI All Country World Index advancing 7.7% (USD) by the end of September.
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