A Market Held Hostage

Financial markets are currently driven by geopolitical volatility surrounding US-Iran negotiations and a widening macroeconomic gap between a robust US and a slowing, inflationary Eurozone.

Key Takeaways

• 1.The market is caught in a tension between pricing in a potential US-Iran peace deal and reacting to deteriorating macroeconomic fundamentals.
• 2.A sharp divergence is emerging between US economic strength (manufacturing at 4-year high) and Eurozone stagflation (PMI at 31-month low).
• 3.Major corporate actions include SpaceX filing for a potential record-breaking IPO and a $69bn merger in the US residential multifamily sector.

Table of Contents

• MARKET LINES
• Rates
• FX
• Equities
• Credit
• HIGHLIGHTS
• DAY AHEAD
• MARKET RECAP
• INDUSTRY NEWS
• Tech & data
• Transportation & Mobility
• Others
• RESEARCH HIGHLIGHTS
• RESEARCH LATEST FORECASTS
• RESEARCH EVENTS