The Wait for a Deal Continues

The report highlights heightened Middle East geopolitical risk following Iran's suspension of talks and a tech-led equity rally amid rising Eurozone core inflation. Markets are pricing in a certain 25bp ECB hike for the following week.

Key Takeaways

• 1.Geopolitical tensions in the Middle East have intensified following Iran's decision to cut off communication with U.S. negotiators after Israeli strikes in Lebanon.
• 2.Eurozone inflation accelerated to 3.19% in May, reinforcing expectations for an ECB rate hike next week.
• 3.Equity markets remain in a 'risk-on' phase driven by the technology and semiconductor sectors, with the S&P 500 reaching 7,600.

Table of Contents

• MARKET LINES
• Rates
• Equities
• Credit
• HIGHLIGHTS
• DAY AHEAD
• MARKET RECAP
• INDUSTRY NEWS
• Banks
• Real Estate
• Energy Transition
• RESEARCH HIGHLIGHTS
• RESEARCH LATEST FORECASTS
• RESEARCH EVENTS