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Despite ample reasons for pessimism this year, the global economy and markets have largely exceeded expectations.

Despite ample reasons for pessimism this year, the global economy and markets have largely exceeded expectations.

Markets remain sensitive to a steady flow of headlines, many of them tied to evolving trade developments

A steady stream of headlines―many trade-related―continue to command the attention of financial market participants.

Despite summer typically being more quiet, the headline-filled nature of 2025 has yet to show signs of slowing.

Global equity markets had been trading near all-time highs, benefitting from a relatively quiet period on the trade front.

Global equity markets continue to grind higher on the back of the trade war de-escalation.

Global equity markets continued to march higher recently on the back of the de-escalation of the trade war.

April saw wild moves but remarkably ended flat