The unpopularity of the UK market in recent years has made it an attractive hunting ground for contrarian value investors. While investors continue to be seduced by the charms of the US technology sector, we believe the UK market has an underappreciated richness of opportunity, combining strong earnings growth, high dividend yields and low valuations.

The Chinese government’s will to reform its important property sector is balanced against the more urgent task of reviving a slowing economy. With policy showing signs of softening, we assess what happens next and look at the investment opportunities in ancillary areas related to building maintenance and upgrades.

Portfolio manager Tim Foster takes stock of what has been a very challenging period for fixed income investors. He discusses how the market environment is likely to evolve over the coming months and outlines how the portfolio is positioned to capitalise on the pockets of value emerging across rates and credit markets.

The new US tariffs sound the death knell of globalisation. Markets have under-estimated their scale and there are substantial risks to global growth as a result

Central banks are moving from tough talk to action to bring inflation under control. With history showing that policymakers rarely succeed in raising rates without triggering a downturn, Steve Ellis, Global CIO Fixed Income, believes investors should consider adding duration to portfolios as recession risks grow.

Tariffs, funding freezes, and government spending cuts have caused investors to reassess the outlook. The chances of stagflation have grown, but policy will stabilise, and opportunities will appear, both domestically and globally.

While the UK recently celebrated the Queen’s Platinum Jubilee, there has been less to be jubilant about in fixed income following a very challenging period in markets. Against this backdrop, Fidelity Strategic Bond Fund co-manager Claudio Ferrarese discusses whether we could be approaching an inflection point in yields, highlighting where we now see investment potential across rates and credit markets.

Mike Riddell, portfolio manager of Fidelity Strategic Bond Fund, provides an overview of the macroeconomic environment and outlines his views across the strategy’s main alpha sources. Against a backdrop of increased global market volatility, potentially signalling the end of the US exceptionalism trade, he outlines why the team has become less bullish on US Treasuries in the context of less attractive valuations.

The recent UN treaty on global plastics is a big step towards reducing the millions of tons of plastic seeping into the environment. As governments get to work on the details, find out how we are pressing consumer companies to deliver real world solutions to one of the planet’s biggest challenges.

Sam Morse and Marcel Stötzel, portfolio managers of Fidelity European Fund and Fidelity European Trust PLC, examine the challenges and opportunities facing investors in European equities. Despite an uncertain macro backdrop, they explain why a focus on high quality companies with strong balance sheets and sustainable dividend growth can continue to drive attractive long-term returns for investors in the region.

Worries about the ongoing Russia-Ukraine war, snarled supply chains, rising inflation and fears about possible recessionary slowdown have resulted in weakness across markets, particularly in tech-related areas. Fidelity Global Special Situations portfolio manager Jeremy Podger shares his observations on recent developments and discusses where opportunities are starting to emerge.

China's economic landscape presents a mix of challenges and opportunities for investors. While tariffs and regulatory concerns have impacted sentiment, the focus on domestic revenue-generating companies and supportive government policies offer a cautiously optimistic outlook. Fidelity China Special Situations PLC portfolio manager Dale Nicholls shares his latest thoughts on the investment outlook for China and how the trust is positioned to navigate the current environment.

Nicholas Price, portfolio manager of Fidelity Japan Trust PLC, reviews recent market movements in Japan amid a sharp rotation of away from growth stocks and sectors. He discusses what lies ahead for investors and outlines the compelling long-term opportunity among small and medium-sized companies with sustainable growth prospects.

Alex Wright, portfolio manager of Fidelity Special Situations & Special Values PLC, shares his latest outlook for UK equities. As investor sentiment shows signs of turning overly pessimistic, he outlines why, as a contrarian investor with a value focus, he is growing increasingly optimistic about certain areas of the domestic market.

Fidelity Emerging Markets portfolio managers Nick Price and Chris Tennant discuss their outlook for emerging market equities, exploring signs of stabilisation in China, as well as opportunities in markets as diverse as Mexico and India.

The war in Ukraine is leading to temporarily higher emissions as some countries switch to dirtier fuels and away from politically toxic Russian oil and gas. Over the longer-term however, portfolio managers Velislava Dimitrova and Cornelia Furse believe the conflict will accelerate the adoption of alternative energy solutions. They review the factors they see indicating the growing momentum of the climate movement.

Fidelity China Special Situations PLC portfolio manager Dale Nicholls shares his outlook for 2025 and provides an insight into how he is looking to position the portfolio against an evolving macro backdrop.

Global CIO Andrew McCaffery shares his latest outlook for Asia. He discusses how the region is likely to fare against a global backdrop of looming stagflation and outlines three themes we will be focusing on over the coming months: China’s direction, inflation dynamics, and the search for income.