Morningstar Markets Observer: Q3 2025

The markets have proved their resilience amid tariff uncertainty—but will they continue to?

Global markets have mostly recovered from the initial tariff shockwaves that worried investors. The US stock market climbed higher last quarter after US President Donald Trump’s tariff negotiations began, and all international stock markets enjoyed good performance as market sentiment improved with the positive steps taken toward deflating tariff tensions. Our researchers dive into where the global markets are standing, and what investors should keep in mind when investing in current market conditions.

Our research gives the in-depth market analysis on:

  • Equity markets

  • Bonds markets

  • Funds

  • Economic data

As geopolitics, interest rates, inflation, and GDP growth, among other factors, continue to weigh on market prices and valuation-implied returns, now is the time to ensure you’re equipped with the latest market data. Download the report to inform your investing strategy today.

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