News
Middle East conflict weighs more heavily on eurozone PMI in May
1+ hour, 49+ min ago (209+ words) The May PMI reading signals rising recession risks in the eurozone if the Middle East conflict persists The PMI fell from 48. 8 in April to 47. 5 in May, the lowest reading since 2023. Growth concerns come on top of inflation worries as the…...
Energy markets quickly discount Middle East supply risks
10+ mon, 1+ week ago (304+ words) Energy prices have seen increased volatility over the last month due to developments in the Middle East. We believe oil prices will move lower later in the year, driven by growing OPEC+ supply, while European gas prices are set to…...
Middle East Conflict: What it means for macro and markets
11+ mon, 1+ week ago (353+ words) A further escalation in Iranian-Israeli tensions could take oil prices above $80 and would mean more upside for the dollar. The Federal Reserve was already likely to keep rates on hold through the third quarter and the latest developments only reinforce…...