Morningstar Markets Observer: Q1 2026
Global markets delivered resilient gains last year, despite volatility. What is the expected market return in 2026?
Last year, the markets suffered under the heel of volatility, driven in part by geopolitical tensions, tariff concerns, and economic stressors, and these are just some of the factors that drove market resilience in 2025. Non-US stocks raced ahead of US stocks, emerging-market bonds had strong performance, and exchange-traded fund launches set another record. It’s still too early to tell how international markets will shape up in 2026, but recent data points toward emerging trends. Morningstar analysts examine global markets and what areas offer the most opportunity right now.
Our research gives in-depth market analysis on:
-
Equity markets
-
Bond markets
-
Funds
-
Economic indicators
The same risks of 2025 are likely to persist this year, highlighting the importance of keeping up to date on how risks evolve and affect global assets. Access the report to discover how the markets are positioned for the start of 2026.
