ECB President Lagarde says ECB is in a good position to respond to the Iran situation, adds would be a mistake to say we need to look through the shock, and it's just too soon to make such a conclusion
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US Treasury Secretary Bessent says underlying economy remains strong and still thinks growth could exceed 3% to 3.5% this year
US Treasury Secretary Bessent says will push for secondary sanctions on Iran if needed
ECB President Lagarde says ECB is in a good position to respond to the Iran situation, adds would be a mistake to say we need to look through the shock, and it's just too soon to make such a conclusion
Venezuela's Interim President Rodriguez calls for a long-term energy partnership with the US
Broadcom (AVGO) announces extended partnership with Meta (META) to deploy technology to support multi gigawatts of Meta's custom silicon
On the Newsquawk feed at , 20 minutes before this page.
Context
Lagarde's comments indicate that the ECB recognizes the potential economic impact of geopolitical events, such as the Iran situation, and is cautious about dismissing their significance too quickly. This suggests a more data-driven approach to policy adjustments, potentially influencing market expectations for future rate decisions and adding volatility to both the Euro and fixed income markets.
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