Brent Crude Dips to Four-Week Low Amid Easing Geopolitical Tensions

In focus today In Germany we await Ifo data for April. The current assessment of the economy remains weak, but expectations have risen lately so it will be important to follow if we finally see a turn in the assessment of the current activity. Economic and market news What happened overnight In Australia, the Q1 […]

Gold probed above $2400 level for the second time, inflated by increased safe-haven demand following Israel’s attack on Iran early Friday. Although the spike above $2400 (the metal’s price reached $2417) was so far short-lived, near-term focus remains at the upside, as fears of further escalation in the region will continue to fuel demand. Technical […]

Markets And the summer slide continues. Core bond yields yesterday dropped another 2.7-10.8 bps in the US & 4.9-7.8 bps in Germany. The front outperformed after a series of US economic data disappointed across the board. Weekly jobless claims rose to the highest in 11 months, Q2 unit labor costs eased sharply to 0.9% and […]