Economic Forecasts 15 December 2025 - 30 July 2026

Australia’s benchmark S&P/ASX 200 is entering 2026 more than 4% below its Oct. 21 record after a late-year pullback that followed a shift from rate-cut expectations to probable hikes. The market still delivered a 6.8% return in 2025, and two of Australia’s four big banks expect a rate increase at the central bank’s first meeting in early February, The Guardian reported.

Dec. 25, 2025 — U.S. markets are closed for Christmas, but the industrials stocks story is still moving fast. On the final shortened session before the holiday, the Dow and S&P 500 finished at record closing highs, and traders were already looking ahead to 2026 with rate cuts, tariff policy, and AI-driven infrastructure spending at the center of the debate. Reuters

Johannesburg — Sunday, 21 December 2025. The Johannesburg Stock Exchange is closing out 2025 with a familiar year-end mix of momentum, macro optimism, and holiday-thinned liquidity — a cocktail that can produce either a smooth “Santa rally” or sudden, exaggerated swings. On the numbers, South African equities have been remarkably resilient, with the flagship indices sitting just shy of fresh highs, helped by a stronger rand, cooling inflation, and rising expectations that the South African Reserve Bank has room to keep easing policy into 2026. IOL+3Financial Times Markets+3Financial Times Markets+3