Economic and Market Review for Second Quarter 2025

This report provides an economic and market review for the second quarter of 2025, detailing significant trends and events impacting various asset classes. The document outlines the performance of U.S. equities, which ended the quarter positively due to easing trade tensions, and highlights the strong returns from non-U.S. developed equities and emerging markets. It discusses the performance of U.S. bonds, which also showed positive returns as yields fell slightly in June. The report includes a summary of key economic indicators, such as unemployment rates and inflation trends, which remained stable during this period. Additionally, it presents insights into market volatility and the overall economic environment, emphasizing the impact of trade policies and fiscal measures on market performance. The report serves as a comprehensive analysis of capital market returns and economic conditions, providing valuable context for investors and stakeholders in the financial sector.