ECB: Iran Peace Deal Won't Erase Europe's Energy Price Shock

US Services Surveys Signal Surging Prices, Mixed Growth Following the dramatically better than expected rise in US Manufacturing PMI surveys, analysts expected stability in the Services side of the economy in May. They were somewhat correct but the message was mixed with one survey improving while the other deteriorated... S&P Global US Services PMI dropped from 51.0 (April) to 50.9 (flash May) to 50.7 (final May) - dropping back towards March lows. ISM US Services PMI rose from 53.6 to 54.5 (better than 53.8 exp) Source: Bloomberg Under the hood, both surveys signaled rising prices...

More Mystery Drone Incidents In EU Skies As Putin Mocks: "The Russians Are Coming!" Flights at Germany's Munich Airport were once again temporarily suspended on Saturday after a drone sighting was reported, eliciting a response from a large number of police and security services personnel. Euronews reviews in the wake of the incident, which ended with the key European hub resuming regular operations after no UAV was found or identified, "Munich Airport closed twice within 24 hours in October following suspected drone sightings." This is the latest in a months-long spate of...

Peace Talks Stall: U.S. Denies Iranian Claims Of Warning Shots At Destroyers Summary: U.S. CENTCOM Denies Report  Iran Military Fires "Warning Missiles" At US Destroyers In Gulf of Oman Iran FM Warns American Bases Are Legitimate Targets, Cites 'No Tangible Progress' In Talks Polymarket  US x Iran permanent peace deal by June 30, 2026? Yes 25% · No 76%View full market & trade on Polymarket Strait of Hormuz traffic returns to normal by end of June? Yes 18% · No 83%View full market & trade on PolymarketIran Military Fires "Warning Missiles" At US Destroyers In Gulf of Oman AFP...