Germany cuts 2026 Growth forecast to 0.5% (prev. 1.0%), cuts 2027 growth to 0.9% (prev. 1.3%), sees inflation at 2.7% in 2026, 2.8% in 2027
Germany's revision of its growth forecasts indicates a significant deterioration in economic outlook, cutting the 2026 growth to 0.5% and 2027 to 0.9%.
Iran fires on a third ship in Hormuz escalation, WSJ reports citing sources
One issuer is expected to tap the US investment grade primary market on Wednesday, according to an informal survey of underwriters cited by Bloomberg; many participants on the side-lines during earnings blackout
Germany cuts 2026 Growth forecast to 0.5% (prev. 1.0%), cuts 2027 growth to 0.9% (prev. 1.3%), sees inflation at 2.7% in 2026, 2.8% in 2027
Pakistan sees positive signals in Iran-US mediation efforts, Al Mayadeen reports; positive signals emerging that could yield results within hours
United Airlines (UAL) CEO says are passing through around 40-50% of higher fuel costs and thin we can get to 100% by the end of the year, CNBC reports
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These lowered expectations may point to challenges in underlying economic conditions and could have implications for ECB policy, especially with inflation remaining elevated at 2.7% and 2.8% for the same years, suggesting a delicate balance between growth and inflation management.
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