New Strikes in Hormuz and a Packed Economic Agenda

Geopolitical tensions rise following military exchanges in the Strait of Hormuz while markets prepare for crucial US PCE inflation data and Nordic GDP reports.

Key Takeaways

• 1.New military strikes in the Strait of Hormuz involving the US and Iran have increased geopolitical tensions, causing slight rises in oil prices and bond yields.
• 2.The Fed's preferred inflation measure (PCE) is released today, with high stakes as persistent inflation may push the Fed to adopt a more neutral or hawkish stance.
• 3.The Nordic economic focus is on Norwegian GDP growth and the Swedish Debt Office's government borrowing forecast.

Table of Contents

• Global key stories
• Nordic key stories
• Today's key events
• Market data

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