What a primary half of the yr it has been.
Within the first six months, the world noticed a (not so) new U.S. president within the Oval Workplace, mentioned president upend the worldwide commerce panorama, and a president in South Korea faraway from workplace.
Conflicts additionally broke out between India and Pakistan, in addition to Israel and Iran (together with a U.S. airstrike thrown into the combo.)
Chinese language AI startup DeepSeek made its debut, stealing ChatGPT’s thunder for some time, and elections happened around the globe, together with in Germany, Australia, and even proper right here in sunny Singapore.
We would simply must name Billy Joel and get him to jot down an entire new model of “We Did not Begin the Fireplace.”
Regardless of such a rollercoaster journey thus far, market traders, in response to most developments, appear to have adopted the U.Ok.’s mantra because it ready for conflict in 1939: Preserve calm and keep it up.
If we take a longer-term view, markets have delivered a good efficiency regardless of a unstable first half. Only a few stats: the S&P 500 and Nasdaq Composite closed at recent all-time highs Monday and are up about 5% yr thus far.
In Europe, the Stoxx 600 is up 6.7%, and in Asia, most main markets are in optimistic territory, with Hong Kong and South Korea posting a whopping 20% achieve yr thus far.
Preserve calm and keep it up into the second half of the yr, traders.
— Lim Hui Jie
What you could know right this moment
And at last…
US President Donald Trump holds an Apple Inc. iPhone throughout an govt order signing within the Oval Workplace of the White Home in Washington, DC, US, on Friday, Could 23, 2025.
Samuel Corum | Bloomberg | Getty Photographs
Trump takes purpose at AT&T service weeks after Trump Cell licensing deal introduced
President Donald Trump criticized AT&T in consecutive Fact Social posts Monday, writing that the nation’s third-largest wi-fi service “should get its act collectively.”
The president wrote that he was attempting to carry a convention name with “religion leaders,” however that “AT&T is completely unable to make their gear work correctly.”
The back-to-back posts got here two weeks after the Trump Group introduced it had licensed the Trump identify to a brand new wi-fi telephone service, Trump Cell, that additionally sells a $499 smartphone.
— Erin Doherty
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