Market Insights Weekly

This report highlights a decline in global oil prices to pre-war levels, which is softening rate expectations in the UK and Eurozone while the US dollar remains strong due to hawkish Fed expectations. Key attention is directed toward the upcoming ECB Sintra Forum and US monthly labor market data.

Key Takeaways

• 1.Brent crude prices returned to pre-war levels near $72/bbl, easing rate hike pressures in the UK and Eurozone.
• 2.The US dollar continues to rally on robust economic data and hawkish sentiment regarding new Fed Chair Warsh.
• 3.The ECB's Sintra Forum is the key central bank focal point for the week, featuring heads of the ECB, Fed, BoE, and Bank of Canada.

Table of Contents

• Market Insights Weekly
• Oil returns to pre-conflict levels
• Economic previews
• Dollar rally could hinge on Warsh and data
• US labour market in focus
• Eurozone 'flash' CPI (June)
• US Labour market report (June)
• Weekly economic calendar

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