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January 2026 Market Update - A look back at December and the year's close

Markets delivered strong returns in the final quarter of 2025 and over the year, despite periods of ups and downs along the way. Inflation eased in most regions and, while economic growth slowed in some areas, this did not prevent markets from performing well. In this update, we explain what happened at the end of last year and what it could mean for your long-term financial plans.