EUR/USD
1.16002
-0.084%
Gold
5194.28
0.046%
Oil
86.951
2.011%
USD/JPY
158.351
0.198%
GBP/USD
1.34244
0.055%
GBP/JPY
212.581
0.298%
Real-time News
The yield on German two-year government bonds rose 7 basis points to 2.342% as money market bets increased on a rate hike by the European Central Bank; the probability of a rate hike in July is 80%, and a rate hike in September is fully priced in.Two sources say the International Energy Agency (IEA) will recommend using its strategic petroleum reserves, given the potential disruption to oil supplies due to the situation in Iran. The initial release from the IEAs strategic petroleum reserves will exceed 100 million barrels in the first month.On March 11, Barclays Bank predicted that if oil prices remain around $100 per barrel and economic growth remains stagnant, the earnings per share (EPS) growth rate for European companies is likely to fall to a low single digit, and the Stoxx Europe 600 index will drop to around 550 points. Historically, during periods of stagflation, the energy, utilities, and healthcare sectors have outperformed, while the financial, telecommunications, and consumer sectors have tended to lag. In a report, the bank stated that although the energy intensity of the economy has decreased over time, economic growth still faces risks because Europes dependence on Middle Eastern energy supplies is as high as 30%.Italian Prime Minister Meloni: Another priority is to support small and medium-sized enterprises within the new European Competitiveness Fund to promote the balanced flow of EU resources in all our regions.March 11th - Analysts say the situation since the US and Israels attack on Iran indicates that the US remains the preferred market for investors. Even with its flaws, the US remains a global hub of innovation and boasts the worlds deepest and most liquid markets, qualities that become indispensable during economic shocks. After 14 months of turmoil, weve also seen signs of resilience from the Federal Reserve and the Supreme Court, providing additional sources of confidence. It continues to be at the forefront of artificial intelligence, a net oil exporter—a stark contrast to energy-consuming Europe in terms of economic standing—and dominates defense contracting and "defense technology." War and high oil prices are far from purely beneficial, but their negative impact on the US economy is far less than in other parts of the world. This makes it possible that, in critical moments, global investors desire for US assets remains greater than for any other country, and this situation is unlikely to change in the short term.
