Global equity markets fell broadly in the week ending 5 June 2026, with the MSCI ACWI down 2.2% as three headwinds converged simultaneously: a stronger-than-expected US jobs report that pushed Fed rate hike pricing sharply higher, Broadcom's below-consensus AI chip guidance that rattled the semiconductor complex, and renewed Middle East tensions as ceasefire efforts in Lebanon faltered. Technology and consumer discretionary bore the brunt of the selloff, while energy and financials outperformed. In Europe, defence stocks reversed sharply on de-escalation signals. South Korea was the worst-performing major market, with MSCI Korea down 5.3%, while China proved a rare exception, edging modestly higher.

Global equity markets delivered another broad-based advance in the week ending 29 May 2026, with the MSCI AC World rising 2.2% and the S&P 500 logging a ninth consecutive weekly gain. A wave of blowout AI-related earnings — spanning hardware, data platforms, and identity security — drove technology to a near-6% weekly gain, while hopes for a US-Iran ceasefire extension pushed oil prices lower and lifted risk appetite globally. The report examines the broadening of technology leadership into software, the divergence between AI beneficiaries and potential AI victims within the sector, and the tensions between exceptional earnings momentum and an elevated inflation backdrop that continues to constrain the Federal Reserve's path to easing

The week was dominated by two interrelated forces: an intensifying sequence of US–Iran peace negotiations that pushed WTI crude oil down over 8%, easing the energy-inflation overhang that has weighed on equities and bonds alike since the conflict escalated earlier in the year; and a landmark set of quarterly results from Nvidia that reaffirmed the durability of hyperscaler AI capital expenditure and reignited investor confidence in the global technology complex.

Global equities broke a six-week winning streak as a hotter-than-expected US inflation print pushed yields higher and drove a broad risk-off rotation, with US large caps holding up while the rest of the world weakened.

Global equity markets rallied strongly in the week ending 8 May 2026, with technology and semiconductors at the centre of the advance. AI infrastructure spending commitments from major hyperscalers fired up chip stocks across the US and North Asia, while cybersecurity names surged on standout earnings. Geopolitical relief around the Strait of Hormuz and a resilient US labour market reinforced the risk-on tone. This weekly strategy note covers key drivers across US, European, and Asian equity markets

Global equity markets recorded their strongest weekly performance in months as driven by geopolitical de-escalation bolstered investor sentiment.

The Iran conflict and resulting oil shock completely reshaped markets last week, driving a broad risk off move, sharply higher energy prices, and heightened caution across cyclicals.

The week was shortened by holidays (US Presidents’ Day and Lunar New Year in Asia) which resulted in thinner liquidity and heightened volatility. It opened under the shadow of softer macro data and hawkish Fed signals but ended on a strong note following the US Supreme Court’s landmark ruling on tariffs.

The week from 6 to 13 February 2026 saw U.S. tech drag global equities lower, as renewed pressure on mega-cap names weighed on sentiment and lifted volatility. In contrast, Asian equities outperformed, supported by strong gains in Japan, Korea, and Taiwan.

The week of 23-30 January 2026 was marked by sharp moves in Big Tech, ongoing outperformance of non-US equities and record high prices of gold and silver