Your Weekly Market Wrap-Up

20th April - 24th April 2026

Global Highlights

U.S. Markets

U.S. equity indexes delivered strong weekly gains, with the Nasdaq reaching new record highs. The rally was fueled by hopes of Middle East de-escalation and robust Q1 earnings, where 82% of S&P 500 companies exceeded estimates. The S&P 500 and Russell 2000 also advanced, supported by AI optimism, resilient consumer spending, and favourable economic data.

European Markets

European indexes ended lower as the Strait of Hormuz remained largely closed and stalled U.S.-Iran negotiations elevated geopolitical risks. Consumer confidence in France deteriorated more than expected in April, marking the sharpest decline since the Ukraine war began.

Asian Markets

Japan's stock markets posted mixed results amid the latest consumer inflation data showing war-related costs increasingly impacting the broader economy. Mainland Chinese equities remained stable following stronger-than-expected economic figures, while the People's Bank of China (PBOC) kept benchmark lending rates unchanged for the 11th consecutive month in April.

Weekly Spotlights

Middle East tensions eased following Iran's pledge to reopen the Strait of Hormuz, triggering a sharp V-shaped market recovery. Corporate earnings also took centre stage, with nearly 20% of S&P 500 companies reporting results during the week, 82% beating estimates.

Market Performance

Weekly market performance by asset
Asset Name	Weekly Closing Level	Weekly % Return
S&P 500	7,165.08	0.55%
DJIA (Dow Jones)	49,230.71	-0.44%
Nasdaq Composite	24,836.60	1.50%
Nikkei 225	59,716.18	2.12%
FTSE 100	10,379.08	-2.70%
Shanghai Composite	4,079.90	0.70%
Sensex (BSE)	76,664.21	-2.33%
ADX Index (UAE)	9,746.70	-1.76%
Gold	4,740.90	-2.84%
Brent Oil (USD/bbl)	105.33	16.54%

Outlook

Markets will likely remain sensitive to Middle East conflict news in the coming days and weeks, keeping short-term volatility elevated. While this may feel uncomfortable in the near term, it could create longer-term opportunities for certain investors. The recent bond sell-off over the past month allows fixed-income investors to lock in more attractive yields. Overall, the key message for many investors is to stay invested and diversified amid this latest geopolitical shock.

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Disclaimer

This commentary is provided for informational purposes only and does not constitute investment advice. For detailed insights, contact our investment team.