The horizon is clearing – at least in the short term

What with the Iran-Israel agreement, the China-US trade deal and Section 899 of the Big Beautiful Act being scrapped, political, geopolitical and commercial risks are dissipating one after the other this week, sustaining appetite for risk. The only downside is macro uncertainty (growth, inflation, monetary policy), which remains high, particularly in the US, given the already high valuations of risky assets. Mid-year Outlook 2025 - "The summer will be hot, the autumn too." Dear readers, the publication of Weekly Markets ends with this final issue. We will continue to keep you informed about economic and financial news through other channels. Thank you to our loyal Marchés Hebdo readers. The entire team wishes you a very nice summer.