Daily US Investment Research

This report examines the impact of the reopened Strait of Hormuz on oil prices and provides an update on cooling US inflation and European structural investment trends.

Key Takeaways

• 1.Oil prices are expected to recover to USD 85/bbl by year-end despite current pressure from the reopening of the Strait of Hormuz.
• 2.Recent softer-than-expected US PCE inflation data supports the view that the Federal Reserve may remain on hold for the remainder of the year.
• 3.Severe heatwaves in Europe are reinforcing the structural investment case for decarbonization, energy efficiency, and electrification.

Table of Contents

• Thought of the day
• What to watch: 29 June
• Caught our attention
• Heatwaves reinforce Europe's structural investment case.
• Market update
• Appendix

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