Market News: 2025 3rd quarter review

The third quarter of 2025 ends on a positive note for major global equity markets, supported by a slight rebound in the dollar. In Europe, Spain and Italy outperform, while France and Germany remain weighed down by political and budgetary uncertainties. Announcements regarding tariffs and the Fed’s rate cuts shaped the period, which also saw a resurgence in Chinese indices.

How did the Echiquier range perform in this context?

Pierre Puybasset, Spokesman for Asset Management, reviews the third quarter and shares his outlook.