Investment Outlook
Global Outlook - November 2025
Summary
The first section of our report delivers a thorough analysis of macroeconomic trends, geopolitical shifts, and recent events shaping market dynamics, with particular attention to Europe’s fiscal challenges, renewed trade fragmentation and recent U.S. policy shifts.
The following section provides a meticulously review of the main asset classes. It provides an in-depth assessment of fixed income, equities, currencies and commodities, evaluating the attractiveness of each asset class in light of current conditions and our forward-looking scenarios. This part is key to defining our strategic exposure preference.
Our aim remains to provide a report that acts as an essential tool for understanding market trends and assisting our readers with investment decisions.
Authors
- Volodymyr PavlivHead of Investment Research
- Lukas LouhiluotoCo-Head of Investment Research
- Elias BouzamondoFixed Income Strategist, Lead
- Francesco D’AngelaFX & Commodities Strategist, Lead
- Tom PetitEquities Strategist, Lead
- Emanuele BozzoFixed Income Strategist
- Guillermo ShawFixed Income Strategist
- Felix LehtonenFixed Income Strategist
- Irene VaccaroFX & Commodities Strategist
- Karim VallaroFX & Commodities Strategist
- Seungjae KimFX & Commodities Strategist
- Paul ChatinEquities Strategist
- Mylan MonteilEquities Strategist
- Alexander BruneEquities Strategist
Details
- Published
- 3 December 2025
- Division
- Investment Research
- Type
- Investment Outlook
- Pages
- 20
- Authors
- 14
Cite this report
Minerva Investment Management Society (2025). Global Outlook - November 2025. Investment Research. https://minervaims.org/archive/global-outlook-november-2025
Related reports
5 May 2026 · Investment Research
Global Outlook - May 202620 May 2025 · Investment Research
Trade Ideas - May 202515 April 2025 · Investment Research
Global Outlook - April 2025
