Monday digest
Markets hold their breath Donald Trump’s ‘peace plan’ for Iran and the negotiations via Pakistan gave markets a smidgen of positivity. TACO traders were not surprised that Washington postponed last weekend’s ultimatum (reopen the Strait of Hormuz or see energy infrastructure destroyed)...
Monday Digest
Escalation precedes de-escalationThe marked escalation in the Iran conflict, which began with Israeli-US strikes against the Iranian Pars gas field followed by reprisals against Qatari gas sites and other neighbours’ key oil producing assets, has now become even hotter. This weekend has...
Monday Digest
Capital markets’ fragile optimismStocks pulled back into the end of last week but, given war escalation and oil prices breaking above $100pb, equities still look surprisingly sanguine. That continues to be the case as we open this week’s trading, with spot Brent...
Monday Digest
Known Unknown returnsThe Iran war has plunged markets into uncertainty with spot Brent crude oil above $105 per barrel (and having touched $120 pb) and European natural gas prices now more than doubled. European and Asian stocks have been hit harder than...
Monday Digest
Outright war on Iran’s leaders beginsIn response to the US-Israeli military strikes and Iran’s responses, markets have reacted in the way most would have expected. Spot oil prices will matter but investors will especially watch the futures contracts beyond six months for...