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Home    Markets    Global

Global

Investment Outlook - Q1 2026

Tom Stevenson

Tom Stevenson - Fidelity International

16 December 2025

Important information - please keep in mind that the value of investments can go down as well as up so you may get back less than you invest. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice.

Each quarter Tom Stevenson, Investment Director at Fidelity Personal Investing, analyses global markets and the key asset classes to provide a unique outlook for the next 12 months. The January 2026 edition of Investment Outlook will be published on this page on Thursday 8 January.

A pre-recorded video of Tom Stevenson discussing the Outlook will be published with the report, where he will answer questions sent in advance. If you would like to submit a question please do so below.

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Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.

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