The MSCI All Country World Index has risen nearly 10% since the beginning of 2025, reaching a record high on July 4. European equities have notably outperformed expectations, with Greece leading in year-to-date gains. This trend indicates a potential shift in investor sentiment towards European markets, which could influence capital flows and investment strategies across various sectors, particularly in industries reliant on international trade and investment.

Asian markets have shown a mixed performance, with South Korea making a notable comeback. This recovery could signal a resurgence in investor confidence in the region, potentially benefiting companies with exposure to Asian markets. However, ongoing tariff concerns and geopolitical tensions may still pose risks, affecting operational strategies and financial forecasts for companies operating in or trading with these regions.