Market Wrap February 2025

February 2025
Economic and market overview
− Global: In February, markets wavered in the face of policy uncertainty. The MSCI World Equity Index closed the month down -0.7% in USD terms, tracking declines in US equity indices. Despite concerns around growth, security and the outlook for global trade, European equity markets outperformed major developed markets in February, including the US. The Stoxx600 gained +3.3% over the month and the FTSE100 advanced +1.6% amid several earnings updates, dovish ECB policy, optimism around peace talks and a rally in defence stocks on expectations of higher military spend in the region.

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