Darius Backhaus is a Manager at zeb.research and part of the Retail Practice Group. His tasks include the preparation of studies and topic development, especially in the areas of European banking markets, interest rates, sustainability and macroeconomic issues.
Banks crown successful year with Q4 rally
zeb.market.flash #54, Q4 2025: The global capital markets ended Q4 2025 with moderate gains (MSCI World market cap. +3.2% QoQ). Despite pronounced uncertainty factors โ including the longest government shutdown in US history and poor consumer sentiment in Europe and the US โ the markets proved resilient.

