Overview

• President Trump’s ceasefire declaration on June 24 has held through June 26, ending a 12-day Iran-Israel conflict and easing geopolitical tensions.
• Paris’s CAC 40 closed almost unchanged at 7,557.31 points on Thursday, reflecting a pause for investors to assess the truce’s durability after earlier weekly gains.
• Wall Street advanced modestly as Nvidia rallied over 4% to a record $3.76 trillion valuation, providing a cautious boost to the tech sector.
• Fed Chair Jerome Powell’s testimony that there is no urgency to lower interest rates tempered market expectations for imminent monetary easing.
• Unresolved US-EU trade negotiations ahead of the July 9 tariff deadline continue to limit upside in European markets.