Report by Bankinter Speaking at the monetary policy panel of the Central Bank Forum in Sintra (Portugal), Christine Lagarde emphasised that “the risks are now more balanced than they were two weeks ago” when the ECB decided to raise interest rates. The threat of prices spiralling out of control is lower following the agreement between the US and Iran to reopen the Strait of Hormuz, which reduces the need for…
Report by Intermoney The yen’s downward trend has continued to intensify in recent trading sessions, consolidating above 160 USDJPY – a level that had previously served as a threshold at which the Ministry of Finance would actively intervene in the market to support the yen. With the pair closing on Wednesday at around 162.22, the Japanese currency has reached its lowest levels against the US dollar in 40 years. As…
Report by Morgan Stanley Just a few days ago, Apple announced a 20 per cent price rise on some of its products due to the sharp increase in memory and storage costs, a phenomenon which, according to Shawn Kim, an analyst at Morgan Stanley, is becoming one of the clearest signs of the growing “inelasticity” of the AI-driven economy. After decades in which the cost of memory had been falling…
Reported by Julia Pastor What has surprised DWS most about the global economy’s performance over the last three months is its resilience in the face of the closure of the Strait of Hormuz, which Mariano Arenillas, the firm’s country manager for Iberia, attributes to reduced dependence on fossil fuels and the release of reserves. “The markets have learnt to manage geopolitics and the Trump administration,” he explains. The consequence of…
Reported by the Editorial Team Martijn Rats (analyst at Morgan Stanley) notes that the seven-day moving average of the number of oil tankers leaving the Strait of Hormuz has risen to 5.6 per day, with the majority of outgoing vessels now being crude oil tankers. He highlights that observed outflows of crude oil and petroleum products reached 8 mbbl on 19 June and 6 mbbl on 20 June, representing a…
Report by Renta 4 Flat opening on European markets (Eurostoxx 50 futures 0%) following yesterday’s session, which was characterised by falls in the technology sector (Nasdaq down 3%), amid worsening sentiment surrounding AI due to a combination of factors, notably advances in Chinese models that could offer better value for money – a form of competition that could cast doubt on the leadership of the major US tech firms. Even…
Andy Burnham has promised to abide by the fiscal rules set out by Minister Rachel Reeves to reassure investors and prevent a sharp rise in debt, and not to raise income tax, National Insurance contributions or VAT. He is a staunch advocate of returning public control — though not public ownership — of water, energy and the railways, and maintains a more pro-European stance than Starmer. Analysis by Editorial Team…
Analysis by Capital Group Global dividends got off to a positive start in 2026, rising by 8.2% in total terms (excluding currency effects and one-off payments) to reach a record high of $419,000 million in the first quarter, slightly above expectations. This means they have more than doubled in just ten years, driven by rising corporate profits and an increasingly widespread culture of dividend payments. The total figure was boosted…
As expected, central bankers left interest rate policy unchanged and removed the dovish bias from their press release. But there was undoubtedly more to come… The statement is much shorter and focuses solely on price stability. It offers no forward guidance and no longer reveals how members voted on the decision. However, the real surprise in terms of its hawkish tone lay in the dot plot. Nine of the 18…
Looking ahead to the second half of the year, Tressis notes that the reduction in geopolitical risk following the agreement between the United States and Iran, coupled with strong corporate results, supports maintaining invested portfolios; however, persistent inflation, the monetary tsunami and the high concentration of market leadership call for continued caution. Reported by Mari Pinardo “The impact of the war has been disproportionately exaggerated”. This is how Daniel Lacalle,…