Year in a word: Stablecoins
In spite of efforts to bring it into the mainstream, the cryptocurrency remains one step removed from money
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Italy and Spain shake off ‘periphery’ tag as borrowing premiums hit 16-year low
Rome and Madrid rewarded by investors for cutting deficits, while France and Germany look to borrow more
So long, American exceptionalism
For the first time, investors are talking about ‘US risk’
The FTSE 100’s worst and best performers in 2025
A guide to the London share index’s winners and losers
Fine wine investors find little cheer in third year of falls
Market has been hit by Trump’s tariffs deterring US buyers
Tariff turmoil, a gold rush and the sinking dollar — 2025 in charts
FT reporters round up 2025’s biggest market stories