Half Year Macro & Equity Market Report 2025 - Searching for the 4th "C" - In the Foothills of the UK Market Recovery

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Half Year Macro & Equity Market Report 2025 – Searching for the 4th “C” – In the Foothills of the UK Market Recovery

2025 Half Year Report

Jamie Constable, Markets Strategist at Singer Capital Markets, reviews H1 of 2025 and looks at how it has turned out as compared to our previous 2025 Outlook Report.

We thought Trump 2.0 could bring increased volatility in financial markets and we haven’t been disappointed so far in 2025! From tariffs to Liberation Day and “bombs as the new diplomacy” financial markets have had a lot to deal with. UK equity markets have developed good positive momentum from Liberation Day lows. We search for the “4th C,” Confidence and see UK markets as in the foothills of their recovery.

Key topics covered include:

Financial Markets – the strong UK equity bounce from the Liberation Day lows led by Mid and Small Caps and AIM
Trump’s lack of Art of the Deal, Tariff Turmoil and their impact on the US economy, the Fed, the dollar and interest rates
UK government finances and their influence on financial markets
The UK economy and signs of confidence picking up after the Spring dip
The Sub-10x PE Club and Turning Point Wheel

… and much more!

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“H1 2025 has been challenged by US trade policy and tariffs which we should get some resolution to in H2. That is what businesses and economies need. Some certainty over where they stand so they have a solid framework on which to base their decision making.”

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