Weekly DBI Average: 49.7 (+5.1)
The week was bookended by relief: it opened with stocks jumping on news of a US-Iran peace deal, and it closed with that same deal formally signed in Versailles. In between, attention shifted abruptly to Washington, where Kevin Warsh held his first press conference as the new Federal Reserve chair. The Daily Business Index — our day-by-day gauge of how the world's businesses are actually faring, where 50 marks neutral ground — averaged 49.7 for the week, essentially back at the midpoint after several weeks below it. That calm average masked a genuinely bumpy ride: the index swung between a five-week high and a sharp midweek wobble before settling.
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