Eurizon Weekly, 09.06.2025. The balance is still positive for global stock exchanges, thanks to the continuing talks on trade tariffs and American macro-data that are, at least for the moment, easing fears of marked slowdown. These factors, together with the still robust labour market data, have also translated into a marginal increase in US government interest rate yields. European rates, on the other hand, are only slightly above previous levels. The ECB has again cut rates by 25 bps. Audio recorded on 9 June 2025.