Global capital markets in 2025 are navigating an environment marked by persistent volatility, shifting monetary policies, and heightened geopolitical risk. US assets—especially equities and high-quality fixed income—are expected to outperform, buoyed by resilient economic growth and continued innovation in AI and infrastructure. The outlook for interest rates remains fluid, as central banks balance inflation, decelerating growth, rising global tensions, trade disruptions, and elevated debt burdens. Meanwhile, private markets continue to show strength, with capital flowing into sectors such as technology, energy transition, and private credit. Strategic M&A, infrastructure investment, and thematic strategies—such as AI and decarbonization—are poised to shape capital allocation and investor positioning. Investors should remain agile, conduct regular portfolio reviews, and prioritize regions and sectors aligned with long-term structural trends. How will ongoing geopolitical shifts and trade policies influence cross-border investment and market volatility in the coming year? Which sectors and asset classes are best positioned to capture growth as AI adoption and the energy transition accelerate?