Wealth presents possibilities. Dedication discerns opportunities.

In the week ahead, “all eyes are going to be on the Fed”, says Deepak Puri, the Private Bank’s Chief Investment Officer for the Americas, pointing to the US central bank’s expected rate decision, data releases and commentary on Wednesday.

The global economy is in flux, trade flows are shifting and new technologies are redrawing the economic map. In PERSPECTIVES 2026, we look to the year ahead across our ten key investment themes, identifying opportunities and risks for investors.

PERSPECTIVES Viewpoint Equity: China’s Q3 earnings: sectoral divergence, spotlights how policy support, AI infrastructure, and green energy are helping to drive selective investment opportunities. Read for more information.

In this PERSPECTIVES Special – Spain: Impressive economic growth, once again, we explore the reasons for this success, while also addressing the structural challenges that Spain faces, which include productivity gaps, housing shortages, and political uncertainty. Read for more information.

On Wednesday, the Chancellor of the Exchequer, Rachel Reeves, delivered her second Autumn Budget against a backdrop of slowing growth, elevated borrowing costs, and persistent domestic political uncertainty.

In this PERSPECTIVES Viewpoint Equity: India’s equity market – Ready to rebound?, we examine whether India’s recent equity market underperformance signals a prolonged trend or sets the stage for a catch-up, as domestic resilience and global dynamics shape the outlook for the year ahead.

The APEC meeting in South Korea saw the signing of major trade deals between the US and many Asian economies. Dive into our special report for insights into what these developments may mean for markets, sectors, and your portfolio.

China stands at a crossroads as the 4th Plenary Session unveils the blueprint for its 15th five-year plan (2026–2030). Our report explores how the country is shifting its focus from rapid expansion to high-quality, innovation-driven growth, signalling a new era for both domestic and global stakeholders.

In this PERSPECTIVES Viewpoint, we examine the drivers behind the AI rally, compare today’s market dynamics with past technology bubbles, and highlight the critical differences that set this cycle apart.

In this PERSPECTIVES Viewpoint FX, we analyse the factors expected to influence exchange rates in the coming months. We also provide our 12-month outlook for the USD and some other currencies.