Jamie Dimon To Hold "Live Interactive Discussion" With Super-Rich Clients As SpaceX IPO Roadshow Commences

U.S.-Iran Deal Doesn't Mean A Swift Return Of Oil And Gas Flows Authored by Tsvetana Paraskova via OilPrice.com, A U.S.-Iran agreement could reopen the Strait of Hormuz, but shipping and production will not immediately return to normal. More than 10 million bpd of Middle Eastern oil production has been shut in, and some fields may take months to restart fully. Iraq faces a slower recovery than Saudi Arabia or the UAE because its southern exports depend heavily on access through Basrah. The U.S.-Iran deal and the potentially imminent reopening of the Strait of Hormuz...

Is Europe Sliding Towards Stagflation? Authored by Daniel Lacalle, Europe is not yet in recession, but the latest business and consumer surveys show that the risk is no longer remote. The euro area’s flash composite PMI fell to 48.6 in April from 50.7 in March, moving below the 50 threshold that separates expansion from contraction and signalling a quarterly GDP decline of around 0.1 per cent after a 0.2 per cent gain in the first quarter, according to S&P Global Market Intelligence. At the same time, the European Commission’s flash consumer-confidence indicator dropped to -20.6 in the...