Jingshun: The global stock market is expected to further rise in 2026.

Schroders' latest "Investment Outlook for 2026" suggests that global stock markets are likely to continue to rise, the United States may continue to cut interest rates, and Europe, Japan, and China may implement fiscal support measures to boost the global economy, leading to further increases in global stock markets. Schroders believes that emerging markets continue to send strong signals. The differentiation of central bank policies in various countries is weakening the US dollar. A weaker US dollar, combined with improved global growth and reduced inflationary pressures in emerging markets, is expected to benefit the performance of emerging market assets next year. In addition, the Fed's expected interest rate cuts in 2026 may also create further room for emerging market central banks to cut interest rates, thereby stimulating domestic demand and boosting stock markets.