Outlook 2025 (III): Equity markets defy political risks

Article by Ludwig Bendel and Daniel Hupfer

The stock market year 2025 promises to be anything but boring! With Donald Trump's return to the White House, the financial world is facing an exciting paradigm shift. His 'America First' policy could present European companies with new challenges.

Particularly interesting: while tech giants are likely to continue to benefit from the AI boom, 2025 could also see the big comeback of US second-line stocks. And who would have thought that Trump's trade policy, of all things, could give European companies unexpected opportunities in competition with China?

From the renaissance of the US energy sector to the future of the clean tech industry and the winners of the new financial market deregulation - in our detailed analysis, you can find out which sectors and regions will be particularly exciting in 2025.