International markets are now on pace to outperform US equities for the first time since 2022 — and in a rising market for the first time since 2009 — reported Bloomberg.
The MSCI World Index excluding the US is up 18 percent in 2025 versus the S&P 500’s 7.8 percent. Country performances include Mexico up 18 percent, Canada up 12 percent, Germany up 21 percent, Spain up 26 percent, Brazil up 14 percent, and the UK up 11 percent.
Craig Basinger, chief strategist at Purpose Investments, said the valuation gap between US and international markets is “historically wide,” with investors shifting away from US assets.
Europe’s Stoxx 600 has also posted recent gains, as per CNBC, supported by corporate earnings and showing little reaction to tariff threats.
India, facing a tariff increase from 25 percent to 50 percent on a wide range of goods, saw its Nifty 50 index barely move.