Global equities finished last week broadly flat in local currency terms, while posting a modest 0.6% gain when measured in sterling. The move extends the uneven trading pattern seen in recent weeks, with markets struggling to build momentum.
Even after the weekly rise in sterling terms, global markets remain roughly 1.5% to 2% below the peak reached in early June. That leaves investors in a familiar stretch of back-and-forth trading rather than a clear upward trend.
The US market lagged broader global performance, with only a smaller gain reported for the week. That relative underperformance stood out against the wider picture of limited movement across major equity markets.
Overall, the latest figures point to a market that is holding near recent highs but lacks strong direction. With global equities little changed and the recent pullback still in place, the tone remains cautious and uneven.
