Not for its Riviera this time, but for its yields. As we noted in the last #MacroFriday before the break, Europe’s yield curves have continued to steepen this year, and France stands out as rising political uncertainty pushes up borrowing costs. Its 10-year yield is back near 3.5%, and the spread between French and German 10y government bond yields (‘Le Spread’) around 0.8%. ...

Now that the summer is coming to a close and Belgian rainy days are making a comeback, it’s worth looking back at how cities around the world endured yet another season of extreme heat. In June 2025, parts of the Balkans already saw temperatures soar to 40°C. Across the Atlantic, a persistent heat dome kept much of North America sweltering, with cities like Boston and New York ...

Reading earnings reports is like solving a puzzle: the edges provide some guidance, but the picture only becomes clear once the key pieces fall into place. Nvidia is such a key piece. With its quarterly results and outlook, the company provides not only insight into its own performance but also into the broader dynamics of the technology sector. Nvidia sets the pace: where it g ...