June 2026

• Global markets advanced in June 2026 as easing monetary policy, resilient corporate earnings and sustained investment in artificial intelligence infrastructure continued supporting investor confidence.
• Technology and semiconductor sectors remained the strongest-performing areas of global equity markets.
• Central banks maintained accommodative policy stances as inflation remained close to long-term targets across most developed economies.
• Bond yields traded within a relatively narrow range, providing continued support for equity valuations.
• Chinese economic activity continued to stabilise, supported by targeted fiscal measures and improving consumer demand.
• Commodity markets delivered mixed performance as resilient demand offset ongoing geopolitical and supply-related uncertainties.

Asia (ex. Japan)

Asian markets outside Japan delivered positive performance during June as sustained semiconductor demand and continued investment in artificial intelligence infrastructure supported regional equity markets.

Chinese authorities maintained targeted stimulus measures aimed at supporting domestic consumption, infrastructure spending and financial stability, while Taiwan and South Korea continued benefiting from robust technology exports.

Europe

European equities advanced during June as lower financing costs and improving business confidence supported investor sentiment across financial, industrial and consumer sectors.

Economic growth remained moderate, though easing monetary conditions and resilient employment continued providing support for domestic demand throughout much of the region.

United States

U.S. equities reached fresh highs during June as strong corporate earnings and continued artificial intelligence-related capital investment supported technology and communications sectors.

Broader market participation also improved as lower interest rates supported financials, industrial companies and consumer discretionary businesses, reinforcing confidence in the economic outlook.

United Kingdom

UK equities delivered positive returns during June as moderating inflation, supportive monetary policy and improving household confidence strengthened domestic market sentiment.

Consumer spending continued recovering gradually, while financial and property-related sectors benefited from lower borrowing costs and improved lending conditions.

Japan

Japanese equities remained among the stronger-performing developed markets during June as exporters and technology companies continued benefiting from resilient global demand and improving corporate profitability.

Investors remained attentive to the Bank of Japan's gradual policy normalisation, though overall financial conditions continued supporting equity valuations.

Emerging Markets

Emerging markets delivered positive performance during June as improving global liquidity conditions and stable developed market growth encouraged continued capital inflows.

Technology-focused Asian economies remained market leaders, while commodity-producing countries benefited from resilient global infrastructure and industrial investment.

Commodities

Commodity prices delivered mixed performance during June as balanced global demand offset periodic geopolitical and supply-related disruptions. Oil prices remained relatively stable amid disciplined production and resilient consumption.

Industrial metals continued benefiting from infrastructure development, renewable energy projects and artificial intelligence-related investment, while gold remained well supported by central bank purchases and continued demand for portfolio diversification.