Just a decade ago, Spain was grappling with the aftermath of a severe financial crisis, high unemployment, and sluggish growth. Fast forward to 2024, and the country has emerged as one of Europe’s fastest-growing economies, outpacing major players like Germany and France.

Following the sharp decline recorded on DeepSeek Day (27 January 2025), the hardest-hit stocks have, on average, recovered 89% of their losses as of 19 February 2025 close.

This article explores what is driving the alcohol industry downturn and where the industry is headed.

After nearly three years of conflict, recent reports indicating the beginning of serious discussions aimed at ending the war offer a glimmer of hope for financial markets. This new initiative, spearheaded by the US, has the potential to provide a crucial shift in geopolitical dynamics and market sentiment. However, the path to resolution remains fraught with complexities, particularly regarding the role of Ukraine and Europe in the negotiations.

The global competition for AI-related technology is intensifying in 2025.

Why is the supply of bullion in London drying up while stocks in New York are at record levels?

Key takeaways  Overall, the macro & liquidity conditions are still positive for risk assets. While equity market valuations are rich, especially in the US, earnings growth momentum is accelerating, and market dynamics remain favourable. Consequently, we maintain our overweight stance on equities and underweight on bonds.  While we maintain our preference for US equities over the rest of the world, we are neutralising our stance on eurozone and emerging markets equities as the specific tariff risk seems to be already well priced in.  Within rates, we continue to favour the 1-10 years segment over long-dated bonds.  We maintain our gold and hedge funds exposure for diversification purposes. Our stance on currency (overweight dollar against major pairs except the Swiss Franc) is unchanged.

Brace for a high-stake election in Germany while US tariffs are deployed

During his campaign, President Donald Trump reminded the public he didn’t start any wars in first presidency and pledged the same in his second term. He even declared himself as the president who could “prevent World War III.”

After AI, quantum computing? Marketed as the next technological revolution, this emerging industry could reach a market value of $1.3 trillion by 2035, analysts say.