This Has Been a Stellar Year So Far for Stocks
Yet one lumpen asset has still managed to outpace the majority of developed markets.
The Madrid stock exchange: a great place to have been in 2025.
Photographer: Emilio Parra Doiztua/BloombergThis article is for subscribers only.
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Purely in terms of public mood (certainly in the UK, but I feel this is pretty widespread across the world), I don’t think 2025 will go down in the history books as one of the most upbeat years on record.