Market Overview Q3 2025: Steady Markets and Strong Strategies
Our Co-CEO and Head of Finance, Hugo Studhalter, and Chief Investment Officer Christoph Portmann share their insights on the third quarter of the year. They discuss the robust performance of global equity markets despite geopolitical tensions, record highs in gold, and the stability provided to portfolios by Fineva’s diversified investment strategy.
The third quarter of 2025 confirmed the assessments from previous market reports: Despite persistent geopolitical risks—particularly in the dynamic between the United States, China, and Russia—global equity markets demonstrated remarkable resilience. While the recovery continued, investor focus increasingly shifted toward corporate earnings and monetary policy developments.
Key highlights at a glance:
- Global Markets: Stable Despite Geopolitical Risks
Despite ongoing uncertainties, global equity markets held steady. The recovery continued, albeit at a slightly slower pace. - United States: Technology Remains the Driving Force
The S&P 500 and especially the Nasdaq posted further gains—fueled by major tech companies such as Nvidia, Apple, and Microsoft. AMD also benefited from a new partnership with OpenAI. - Europe: Moderate Gains – Switzerland Under Pressure
The DAX and Euro Stoxx 50 achieved modest gains, supported by stable economic data and a favorable interest rate environment. In Switzerland, however, the strong franc continued to weigh on export-oriented companies. - Gold at Record Highs, Bitcoin Volatile
Gold reached a record price of USD 4,000 for the first time. Platinum and silver remained at high levels, while cryptocurrencies corrected after their summer peaks. - Fineva Strategy: Stability Through Diversification
Fineva’s broadly diversified investment approach once again proved its strength. Defensive components such as gold and high-quality bonds contributed significantly to overall portfolio stability. The focus for the remainder of the year remains on maintaining a balanced risk–reward profile.
The full presentation is available on our LinkedIn profile.
Disclaimer:
For legally relevant information, please refer to the disclaimer included in the presentation.