UK equities face political headwinds, but sector composition offers hope. UK inflation risks remain contained.

The Middle East conflict weighs on European stocks, but structural tailwinds present an opportunity. The European Central Bank is hawkish despite growth risks.

China’s export strength masks soft demand; Japanese equities attract investor rotation. Asian credit spreads are tight, so a selective approach is required.

The S&P/TSX climbs to record levels amid Iran tensions, tariff uncertainty. A technical recession masks encouraging signs in the Canadian economy.

There are catalysts for the bull market in stocks to persist. Bonds face a more challenging landscape.