Global equities were mixed this week as a wave of encouraging economic data and progress on U.S.-China trade relations was ultimately overshadowed by a sharp escalation in tensions in the Middle East. While markets had gained ground through Thursday, news of Israel’s airstrikes on Iranian military and nuclear facilities, followed by reported retaliatory attacks from Iran, triggered a risk-off move on Friday that reversed earlier gains across most major indexes.

Global financial markets began the week on firmer footing, as investors welcomed a brief lull in geopolitical tensions following heightened fears over the Israel-Iran conflict. Risk appetite rebounded after Friday’s volatility, with sentiment buoyed by hopes that the conflict would remain contained.

The beginning of 2025 has brought a sense of uncertainty for many. At the same time, ongoing global conflicts continue to contribute to wider concerns about the future. However, there are steps people can take to improve their financial situation.

Recent market turbulence has been unsettling for many, especially those considering investing. However, it’s important to remember that investing is a long-term commitment and resisting reactive decisions is crucial.