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Equities hit record high as domestic data, Fed rate-cut outlook in focus

Gulf Today

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January 15, 2026

Most Emerging Markets equities rose on Wednesday, with the broader stock index hitting a record high, as investors monitored domestic updates and US inflation data drove their expectations of rate cuts.

Equities hit record high as domestic data, Fed rate-cut outlook in focus

As geopolitical tensions stay high, US President Donald Trump urged Iranians to keep protesting, saying help was on the way. Iran responded by accusing Trump of encouraging political destabilisation and inciting violence. Tension is also elevated over Greenland and Venezuela, and yet investors have pushed global markets higher. The MSCI emerging market stock index rose 0.6 per cent, exceeding Tuesday’s record high.

“Adding to EM allocations is a consensus trade for the year, but we believe equities yield the strongest risk reward,” said Geoff Yu, EMEA macro strategist at BNY.

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