EU S&P Global Composite PMI Flash (Jun) 49.5 vs Exp. 49.2 (Prev. 48.5); "Most of the responses used in the calculation of the June flash PMI data were received prior to the signing of the US-Iran MoU"

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Iran's Foreign Ministry Spokesperson says defensive capabilities and missiles will never be a topic of discussion. US commitment regarding Lebanon is completely clear.

Rabobank lowers its Q3 Brent price forecast to USD 79/bbl (from USD 103/bbl), and Q4 to USD 78/bbl (from USD 93/bbl); sees Brent averaging USD 74.50/bbl in 2027, and USD 71/bbl in 2028

EU S&P Global Composite PMI Flash (Jun) 49.5 vs Exp. 49.2 (Prev. 48.5); "Most of the responses used in the calculation of the June flash PMI data were received prior to the signing of the US-Iran MoU"

Iranian Ambassador to the UN says there has been good progress in negotiations with the US

Goldman Sachs says the AI boom echoes Dot-Com tensions as valuations outpace fundamentals

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  • "The eurozone economy is showing enough resilience to just about stay out of recession".
  • "The survey is indicative of unchanged GDP over the second quarter".
  • "There is welcome news of an easing in the recent downturn in services activity, with tourism and leisure related industries seeing signs of recovering demand after the initial disruptions from the war in the Middle East".
  • "Encouragingly, lower energy prices are already filtering through to businesses and rates of input cost and selling price inflation have moved lower in June as a result, hinting at a potential peaking of the recent price spike".

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